Malaysia: Mavcap’s govt allocation likely to be halved pushing state fund to seek private LPs

In a DSA file photograph, Mavcap chairman Rahim Hamid, Axiata chairman Azman Mokhtar, Mavcap CEO Jamaludin Bujang, Prime Minister Mohd Najib Abdul Razak, Axiata president and group CEO Jamaludin Ibrahim

Malaysia Venture Capital Management Bhd (Mavcap) may see its allocation for investments from the government halved in the next five years, which will further push the venture capital firm to seek private sector money.

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