PETALING JAYA: Taking the road less travelled, an upcoming private equity (PE) fund is aiming to support the growth of bumiputra-run, late stage high-tech companies in what seems to be untapped investment opportunities.
Plans were underway for Green Packet Bhd
to roll out a RM500mil BumiTech Fund through a general partner setup with Singapore-based PE firm Kendall Court, which will be known as GP Kendall Capital Partners.Green Packet executive director Tan Kay Yen (pic below) said the fund would be looking primarily at bumiputra companies because of the abundant opportunities.
“It’s in the bumiputra space where we feel that there’s an opportunity for public private collaboration.
...