Finance Ministry agency Cradle Fund to gradually move into co-investing model

Nazrin:

PETALING JAYA: Cradle Fund Sdn Bhd, an agency under the Finance Ministry, will gradually move into the co-investing model from a pure grant-model.

“Co-investment means we will match the investment made by an investing partner or angel investor ringgit to ringgit. And since we are moving away from the pure grant model, we will be taking equity in the companies that we fund,” said Cradle Fund group chief executive officer Nazrin Hassan.