RHL expects assets to triple in five years

“There are talks to launch another fund in the fourth quarter, where we are targeting US$200mil (RM838mil),” Raja Hamzah Abidin, RHL’s co-founder and co-managing partner, said in an interview.

KUALA LUMPUR: RHL Ventures, a Malaysian private investment firm supported by the Finance Ministry, expects its assets to more than triple to US$239mil (RM1bil) over the next five years, its top executive said.

“There are talks to launch another fund in the fourth quarter, where we are targeting US$200mil (RM838mil),” Raja Hamzah Abidin, RHL’s co-founder and co-managing partner, said in an interview.