KUALA LUMPUR: Iris Capital Partners, an investment firm backed by the heir to a Malaysian fortune, is seeking to raise US$200mil from institutional investors, the latest family wealth vehicle to open up to outside capital.
The firm is seeking cash for a new private credit and private equity fund, managing partner Rachel Lau said in an interview. She’s the daughter of the late Lau Boon Ann, who built a fortune in real estate and was an early investor in Top Glove Corp, the world’s largest manufacturer of rubber gloves.
