BEAMSTART Logo

CIMB's Nazir Razak, ex-Temasek's David Heng to launch $1B PE Fund

The fund intends to invest in companies in consumer, tech, logistics and financial services in Southeast Asia


CIMB's Nazir Razak, ex-Temasek's David Heng to launch $1B PE Fund | BEAMSTART News

- From our Sponsors -

The brother to the Prime Minister of Malaysia and chairman of CIMB Group Holdings, Nazir Razak, is preparing to introduce a Private Equity fund worth as much as US$ 1 billion.

The PE fund, is said to be set up in Singapore, focuses on investing in businesses in the consumer, technology, logistics and financial services sectors based in Southeast Asia.

- Featured Sponsor -

According to the statement from Bloomberg, talks are still in the infant stages and information might change.

Related: Join Entrepreneurs and Investors at Entrepreneurs Retreat 2018  

Joining him on board would be Kenny Kim, former Chief Financial Officer of CIMB  who worked under Nazir, and also David Heng, who just recently resigned as Senior Managing Director at Temasek Holdings, will likewise be involved in managing the fund .

Former Indonesian Trade Minister Gita Irawan Wirjawan, and ex-Philippine Finance Secretary Cesar Purisima will likewise be partners at fund.

Whilst Nazir will maintain his role at CIMB, the PE fund will have no affiliation with the bank and will be operated separately.

A rep for Temasek informed Bloomberg that Heng will be departing the Singapore state investment firm by the end of the year to seek new opportunities.

Related: 3 Myths of Starting a Crowdfunding Campaign  

- From our Sponsors -

Latest Jobs

Digital Marketing Intern

Undrcut Digital Marketing

Singapore

Internship

SGD 1000 — SGD 1500 monthly

Influencer Marketing Associate

Niagahoster

Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer

Hostinger

Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital

Singapore

Full Time

SGD 2500 — SGD 5000 monthly

Investment Analyst

Accial Capital

Singapore

Full Time

SGD 4000 — SGD 6000 monthly

Enterprise Solution Project Manager

Hukumonline.com

Jakarta, Indonesia

Full Time

SGD 2000 — SGD 2100 monthly

Operations Executive

Yojee

Singapore

Full Time

SGD 2800 — SGD 3500 monthly

Site Reliability Engineer

Livit

Singapore

Full Time

SGD 2000 — SGD 3500 monthly

Live Streaming Operator

SIRCLO

Tangerang, Indonesia

Full Time

SGD 800 — SGD 1100 monthly

Mobile Developer

Koltiva

Jakarta, Indonesia

Full Time

SGD 1000 — SGD 1100 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).