Mavcap aims to set up RM2bil investment funds

Fostering innovation: Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah (centre) witnessing the ceremony for the establishment of the Islamic venture capital fund between Jamaludin (2nd from left) and Amir. Looking on are Mavcap chairman Abdul Rahim Hamid (left) and Elixir Capital adviser Tan Sri Datuk Dr Abdul Samad Alias.

VC firm inks MoUs with Gobi Partners and Elixir Capital

PETALING JAYA: Malaysia Venture Capital Management Bhd (Mavcap) has signed memoranda of understanding (MoU) with two international venture capital (VC) firms to set up investment funds of up to US$450mil (RM2bil).