By Rozanna Latiff
Low, popularly known as Jho Low, has been identified by Malaysian and U.S. investigators as a central figure in the alleged theft of about $4.5 billion from 1MDB.
COPE IV was launched in 2016 and had a first close at $48.2 million last October and a second close at $66.3 million early this year.
The deal will see Invesco acquiring over 1,000 units of Build-to-Rent (BtR) homes in London in Kew Bridge and Barking Wharf.
A deal could value the Malaysian insurer at $800 million.
UMW Holdings is one of the core investments of Malaysia’s state investment fund Permodalan Nasional Bhd (PNB).
Existing investor SBI Group, which led Jirnexu’s $11-million Series B round in mid-May, also joined the extension financing.
Malaysia-based payments system provider GHL Systems Bhd has acquired a 51 per cent stake in Cambodia-based Speed Pay for about $2 million.
The Kuala Lumpur office is the firm’s third, after Singapore and Indonesia.
Khazanah’s shareholding in IHH will decrease to 26.05% after the sale.
In its budget announcement, the government had said its co-investment allocation will be invested alongside PE and VC players in strategic sectors and new growth areas.