Budget 2019: Malaysia to set up $480m co-investment fund targeting new growth areas

Budget 2019: Malaysia to set up $480m co-investment fund targeting new growth areas

Kuala Lumpur, Malaysia. Photo: Alex Block/Unsplash

In a move seen to significantly impact the country’s venture capital and private equity ecosystem, the Malaysian government has announced that it will provide up to RM2 billion ($480 million) in matching funds to co-invest with PE and VC players, targeting investments in strategic sectors and new growth areas.

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