Malaysia’s state-linked venture capital agency Cradle Fund is thinking of reviving its equity funding programme, according to its group chief executive officer Rafiza Ghazali. “We are exploring whether we should go back into equity,” Rafiza told DealStreetAsia in an interview.
In July 2019, the Mahathir Mohamad-led government had decided to restructure the operations of the country’s five state-linked VC firms — Cradle Fund, Malaysia Debt Ventures (MDV), Malaysian Technology Development Corporation (MTDC), Kumpulan Modal Perdana (KMP), and the Malaysia Venture Capital Management Bhd (MAVCAP).
