Khazanah launches Jelawang Capital as national fund-of-funds to accelerate Malaysia’s venture capital ecosystem

Quick Summary:

Empower & grow startup ecosystem as part of Khazanah’s Dana Impak effort

Drive Emerging Fund Managers’ Program & Regional Managers’ Initiative Khazanah Nasional Bhd today launched its RM1 billion national fund-of-funds, Jelawang Capital Sdn Bhd, with Bryan Lim as its CEO, following the consolidation of Malaysia Venture Capital Management and Penjana Kapital in July and pursuant to the announcement of Prime Minister Anwar Ibrahim’s third MADANI Budget 2025 speech.

Through this catalytic initiative, Jelawang Capital will continue to grow Malaysian fund managers while attracting regional fund managers with expertise and capital.”

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Article Details

Author / Journalist: karamjit2

Category: EconomyStartupsBusiness

Markets: MalaysiaSingapore

Topics: Growth Malaysia Malaysian Fund Jelawang Capital Local Management Ecosystem Managers

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 11:12:25 (3 days ago)

News Timezone: GMT +8:00

News Source URL: digitalnewsasia.com

Language: English

Article Length: 785 words

Reading Time: 5 minutes read

Sentences: 31 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Digital News Asia

News ID: 23326484

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