Malaysia’s KWAP aims to boost domestic VC activity with new fund
Malaysia's state pension fund is hoping to drive VC activity with its new $105 million investment vehicle, both domestically and across Southeast Asia, focusing largely on promising early-stage companies.
Malaysian pension fund Kumpulan Wang Persaraan (KWAP) has launched a brand new investment vehicle aimed at boosting both the domestic and regional venture capital (VC) and startup scene.
Dana Perintis which means “Pioneer Fund” has committed to invest up to MYR500 million ($105 million) over the next 18 to 24 months in startups, with the number poised to reach $120-130 million, Hazman Hilmi Sallahuddin, chief investment officer at KWAP, told AsianInvestor.
Hazman Hilmi Sal…
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