Khazanah Seeks to Lure Fund Managers into Malaysia in VC Push
The Petronas Twins Towers in Kuala Lumpur, Malaysia.
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Malaysia’s sovereign wealth fund Khazanah Nasional Bhd. is launching initiatives to support local venture capital funds and attract international managers, in a boost to its efforts to become a venture capital hub by 2030.
The wealth fund is setting up an initiative to attract established international fund managers to expand into Malaysia and facilitate the redomiciling of global companies, according to a statement Tuesday.