Malaysia’s sovereign funds to pool in $250m for tech-focused fund of funds

Yasmin Mahmood, CEO, MDEC

Malaysia’s sovereign and pension funds have jointly pooled in $250 million towards a tech-focused ‘fund of funds’ to make co-investments in fledgeling local companies. The corpus will be allocated to local and international venture capital firms that have a physical presence in the country, a top executive with a government-linked agency told this portal.

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