Malaysia's Bintang Capital seeks to raise $72m for new vehicle by Sept-end

Malaysia's Bintang Capital seeks to raise $72m for new vehicle by Sept-end

Bintang Capital Partners executive director and managing partner Johan Rozali-Wathooth

Malaysia-based Bintang Capital Partners, the private equity arm of one of the country’s largest asset managers Affin Hwang Asset Management Bhd, is targeting to raise 300 million ringgit ($72 million) for its new vehicle by September 30.

Bintang executive director and managing partner Johan Rozali-Wathooth told DealStreetAsia that the firm will secure up to 150 million ringgit from the Malaysian government, as part of its matching fund-of-funds programme, Penjana Nasional Fund, launched in June last year. 

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