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Statistic

 

Venture Capital

YEAR 2007
 
 
 
 
 
 
From 2005 to 2007, the total number of venture capital companies (VCC) and venture capital management companies (VCMC) in Malaysia grew a moderate 13%. As at 31 December 2007, there were 52 VCC and 46 VCMC registered with the SC, totaling 98, which is an 8% increase year-on-year. Out of this, 93 were 100% locally-owned, while five were partly foreign-owned. Together, they had committed funds under management of RM3.3 billion.
 
The number of investee companies declined slightly from 461 in 2006 to 433 in 2007. In addition, the number of VC professionals fell from 184 in 2006 to 132 in 2007.
 
Total committed funds under management in 2007 (RM3.308 billion) was relatively unchanged from that of last year (RM3.310 billion). However, 2007 saw a significant increase in the total amount of VC investments. Total investments in 2007 (RM1.784 billion) jumped 54% year-on-year, following a 20% decline in 2006 (RM1.159 billion). In 2007, there was a corresponding 183% rise in the amount invested in investee companies from RM169 million in 2006 to RM479 million in 2007.

Meanwhile, the amount of new funds raised in 2007 (RM456 million) fell 36% year-on-year (RM715 million in 2006). Divestments also declined from RM182 million in 2006 to RM105 million in 2007.

The government continued to be the main source of VC funding in 2007 although its contribution to total committed funds under management declined from 41% in 2006 to 36% in 2007.

 

 

The contribution from corporations in 2007 also fell 6% year-on-year. However, there were encouraging signs of a slight increase in institutional participation, particularly from pension and provident funds, and insurance companies which collectively contributed 3% to total committed funds under management in 2007, compared to 2% in 2006. The contribution from banks more than doubled from 7% in 2006 to 16% in 2007. Finally, foreign contribution to total committed funds under management edged up from 8% in 2006 to 9% in 2007.

 
 

 

In 2007, investment in investee companies, as a percentage of total committed funds under management, rose 19% year-on-year. Conversely, investment in other assets fell from 65% in 2006 to 46% in 2007.

 

 

The bulk of the investment in investee companies (RM 479 million in 2007) was made at the expansion/growth stage. This stage accounted for 67% of total investments in investee companies (refer to Chart 3) during the year. Not surprisingly, the number of venture companies in the expansion/growth stage was the highest, compared to all other business stages (refer to Table 3). In 2007, the percentage of investments at the seed and start-up stage declined 3% and 9% year-on-year respectively. Investments at the turnaround and buy-in stages in 2007 stood at 1% and 4% respectively, in contrast to 2006 when there were no investments made at these two stages. Investments at the bridge/mezzanine/pre-IPO stage dipped from 6 % in 2006 to 3% in 2007.

 

 

In the past, VC investments in investee companies were typically concentrated in the Information Technology Communication (ICT) sector. In 2006, for instance, 44% of investments in investee companies could be found in the ICT sector. However, the year 2007 saw a change in this trend as only 15% of investments were made in the ICT sector. Life Sciences experienced a marginal 1% year-on-year increase in investments (26% in 2007).

Investments in other sectors rose from 22% to 47% in 2007. This sector includes investments in sectors such as electricity and power generation, education, trading, transportation and finance.

 

 
 

Almost 30% of divestments (worth RM31m) in 2007 were at the bridge/mezzanine/pre-IPO stage. The start-up stage, which recorded no divestments in 2006, accounted for 23% of total divestments in 2007. The category "Others" includes funds disposed via listing on the stock market and share redemptions. This stage contributed 14% of total divestments in 2007.


YEAR 2008
 
 
The number of venture capital companies (VCC) and venture capital management companies (VCMC) registered with the SC under the Guidelines for the Registration of Venture Capital Corporations and Venture Capital Management Corporations increased (Table 1) as at 31 December representing a growth 10% year-on-year.
 
Out of these 108 VCCs and VCMCs registered with the SC, 98 were 100% locally owned while nine were joint ventures. In August, the industry also saw the entrance of Japan Asia Investment Co. Ltd (JAIC) as the first 100% foreign-owned VCC.
 
The total number of investee companies benefiting from venture capital funding rose from 433 to 450, an increase of 4% year-on-year. Additionally, the number of venture capital professionals increased from 132 to 248 as at end of 2008 representing a substantial increase of 88%.
The increase was largely due to higher contribution by the government agencies amounting to RM2 billion in 2008 as opposed to RM1.2 billion in 2007. Similarly, contributions from corporations, banks, pension and provident fund also showed an increase from last year.
 
 
 
 
Overall contribution from foreign companies and individuals had also increased from RM308 million in 2007 to RM532 million in 2008. The contribution from pension and provident funds and insurance companies remained relatively small compared to contributions from other sources.

Out of RM477 million (Table 3) invested in 2008, 62% amounting to RM299m were invested in 65 investee companies at the expansion/growth stage. Additionally, 17% of the total investments made during 2008 were for investee companies at the early stage.

The total amount invested in companies at the seed stage continued to be comparatively small, representing only 3% of total investments made in 2008. Malaysia Venture Capital Management Bhd (MAVCAP) continued to play a lead role in financing investee companies at the seed stage where 28 out of the 31 investee companies were recipients of MAVCAP’s fund.
In terms of sector classification, 27.4% (Chart 3) of total investments during 2008 were made in the manufacturing sector compared to 18.5% in the IT and communication sector and 18.0% in life sciences. Investment in sectors classified under the category of ‘Others’ were mainly contributed to investments in sectors such as education, transportation, electricity and power generation and transport, storage and communication, signaling the increased diversity of investments by the VCCs/VCMCs.
90% of divestments of nine investee companies were made at the expansion/growth or bridge/mezzanine/pre-IPO stages. The category “Others” includes funds disposed via selling of shares in the secondary market.


YEAR 2009

The number of registered venture capital companies (VCC) and venture capital management companies(VCMC) stood at 59 and 55 respectively (Table 1) as at31 December 2009.

 
During the year, six VCCs and fi ve VCMCs were deregistered due to closure of funds or their inactive status. There were nine and eight new additions to the list, of registered VCCs and VCMCs in 2009 out of which two were Islamic VCCs and one Islamic VCMC. The Islamic VCCs were Intrapreneur Development Sdn Bhd and COPE Opportunities 2 Sdn Bhd while the Islamic VCMC was Permodalan Teras Sdn Bhd. Other new registrants were Istismar Capital Sdn Bhd, QMA Capital Sdn Bhd, Ingenious Growth Fund Bhd, NewGen Ventures Sdn Bhd, Mindhub Pegasus Sdn Bhd, MGF Series 1 Sdn Bhd and HCP One Sdn Bhd. The newly registered VCMCs include Nuetree Capital Sdn Bhd, Mindhub Capital Sdn Bhd, Astra Partners Sdn Bhd, QuestMark Capital Management Sdn Bhd, NewGen Capital Managers Sdn Bhd, Hadrons Capital Partners Sdn Bhd and MGIP Capital Sdn Bhd.

Out of the 114 registered VCCs and VCMCs as at end of 2009, 104 were 100% locally owned, nine were joint ventures and one was a 100% foreign owned VCC.

As compared to 2008, the total committed funds as at end of 2009 stood at RM5.4 billion which represented an increase of 17% year-on-year (Table 2).

 

Similarly, total venture capital investments as at the end of 2009 increased by 34% to RM2.6 billion from RM1.9 billion as at the end of 2008. Investments made in 2009 stood at RM597 million as compared to RM477 million in 2008 representing an increase of 25% year-on-year. A total of 99 investee companies received venture capital funding in 2009.

On the other hand, the amount received from divestments declined slightly to RM43 million as compared to RM45 million in 2008. Divestments were mainly in the form of share redemptions and trade sale.

As at the end of 2009, the government continued to play a signifi cant role in the venture capital industry by contributing 52.9% of total committed funds, equivalent to approximately RM2.8 billion (Chart 1).

Local companies contributed to 23.5% while foreign companies and individuals contributed to 11.0% respectively. Contributions from banks, insurance companies, pension and provident funds and local individuals remain almost unchanged at 12.6% collectively. Th e top three venture capital players based on fund size as at 31 December 2009 were Malaysia Venture Capital Management Bhd, Kumpulan Modal Perdana Sdn Bhd, and Malaysian Life Sciences Capital Sdn Bhd.

Investee companies at the expansion and growth stage continued to receive bulk of the funding from venture capital funds where RM317 million were invested in 49 investee companies (Table 3) representing 53.1% of total investments made.

Investments into seed and start-up stages were 9% collectively where they were channelled into only 17 investee companies compared to last year where 4% of total investments were made into 34 investee companies (Chart 2).

In terms of sector classifi cation, 38.7% (Chart 3) of total investments during 2009 were made in sectors such as education; electricity and power generation; and transport, storage and communication, which were categorised under “others”. Th e higher investment in this category indicated that VCCs and VCMCs were increasingly moving away from traditional to new growth areas. Investments into the life sciences sector increased from 18% in 2008 to 25.2% in 2009 while investments in the manufacturing, and IT and communication sectors recorded a decrease to 18.7% and 17.4% respectively.

Table 4 shows that the total amount divested during the year was RM43 million. Most investee companies were divested at the bridge/mezzanine/pre-IPO stage. In 2009, 12 investee companies were divested at this stage, representing 60% of the total value realised.

 

 
 
YEAR 2010

The number of registerd venture capital companies (VCC) and venture capital management companies (VCMC) stood at 58 and 55 respectively as at end 31 December 2010 (Table 1).

There were two new additions to the list of registered VCMCs in 2010 of which one is an Islamic VCMC and the other a foreign VCMC namely, Muamalat Venture Sdn Bhd and AIMBN Holdings (M) Sdn Bhd. AIMBN Holdings (M) Sdn Bhd is ajoint venture between a Japanese venture capital corporation and a Korean fund management company, was registered with the SC in October. during the year, one VCC and two VCMCs were deregistered owing to closure of funds an inactivity.

 

Of the 113 regsitered VCCs adn VCMCs as at end of 2010, 102 were 100% locally owned, nine were joint ventures and two were 100% foreign-owned VCMCs.
 
In realtion to the number of venture capital professionals, the SC, beginning from 2010 would only reflect the number of executives with at least foru years experience instead of the total number of executives in the VCC or VCMC which may include those at the junior level. This is a fairer representation as one would need to have a reasonale period of work experience before one can be deemed a professional venture capitalist.

As compared to 2009, the total committed funds as at end of 2010 stood at RM5.96 billion which represented an increase of approximately 11% year-on-year (Table 2).

 

 

The total venture capital investments as at the end of 2010 increased by 31% to RM3.39 billion from RM2.59 billion as at the end of 2009. Investments made stood at RM453 million as compared to RM597 million in 2009 representing a decrease of 24% year-on-year. A total of 84 investee companies received venture capital fundig as com pared to 99 investee companies which received funding in 2009.

 

 

In addition, the amount received from divestments showed a twofold increase from RM43 million in 2009 to RM89 million this year where 28 venture companies were divested as compared to 21 companies in 2009. Divestments were mainly through share redemptions and trade sale. Only one VC-backed company has listed in 2010, namely Malaysian Genomics Resource centre Bhd on the ACE Market of Bursa Malaysia.

The government continued to play a significant role in the VC industry by contributing 51.4% of total committed funds, equivalent to approximately RM3.06 billion (Chart 1).

Beside the government, local companies and foreign companies as well as individuals contributed 29.4% and 9.73% respectively. In terms of contribution to total sources of funds for the industry, the contribution from banks, insurance companies, pension and provident fundsand local individuals decreased from 12.6% to 9.4% collectively. the top three industry players as at 31 December 2010, based on aize of assets under management were Malaysia Venture Capital Management Bhd, Kumpulan Modal Perdana Sdn Bhd and Malaysian Life Sciences Capital Fund Ltd.

Investee companies at the early stage and expansion or growth stages received the bulk of funding from venture capital funds where in total 49 investee companies received funding amounting to RM298 million representing 66% of total investments ade during the year (Table 3).

Investments into seed and start-up stages, which stood at 5% of total investments made during the year, were channeled into 17 investee companies compared to the previous year where 9% of total investments went into 17 investee companies. Investments investee companies at the seed stage were mainly undertaken by the government VCs ant its outsource partners.

In terms of sector clasification, investments were focused on the IT and communication sectors (Chart 3). It was also observed that the VCs were investing in non-traditional sectors such as electricity and power generation, education, transportation & storage, and also the financial-related services sectors, which are all captured under the category 'others'.

Invetsments into the IT and communication sector srood at 30.4% of total investements as compared to 17.4% last year. Investments in the life sciences sector remain unchanged at 24.8%, from 25.2% in 2009 while investments in the manufacturing sector decreased to 15.7% from 18.7% last year.

 

 

Proceeds from divestments of 28 investee companies during the year totalled RM89 million (Table 4). Divestments were mainly in ivestee companies at the later stages such as expansion/growth and bridge/mezzanine/pre-IPO. Proceeds from divestments of investee companies at these stages amounted to approximately RM62 million representing 69% of total proceeds from divestments.

 
 
 
YEAR 2011
 
The number of registered venture capital corporation (VCC) and venture capital management corporation (VCMC) stood at 56 and 52 respectively as at the end of 31 December 2011 (Table 1). During the year, two VCCs and three VCMCs were deregistered due to the expiry of fund's charter and changes in company direction.

Out of 108 registered VCCs and VCMCs, 98 are locally-owned, eight are joint ventures while two others are foreign-owned. The number of venture capital professionals employed in the industry. The number of venture capital professionals employed in the industry with at lease four years of experience stood at131 as at end-2011. The decline could be due to the closures of a few VCCs and VCMCs which took place in 2011.

 

As compared to the previous year, the toal committed funds as at end-2011 stood at RM.546 billion which represented a decline of approximately 8.37% year-on-year (Table 2).

 

As at the end of 2011, total venture capital invetsments increased by 5.81% to RM3.586 billion from RM3.389 billion as at the end of the previous year. Investments made in 2011 stood at RM253 million which was chanelled into 51 investee companies as compared to RM453 million where a total 84 investee companies received funding in 2010.

 

In relation to divestments, there was an increase of 64.04% from RM89 million in 2010 to RM146 million in 2011 where 46 investee companies were divested in 2011 as compared to 28 companies in 2010. Divestments were mainly through share redemptions and trade sale. The year 2011 also saw the listing of three venture capital-backed companies on the Main Market of Bursa Malaysia, namely, Maxwell International Holdings Bhd, Prestariang Bhd and Century Software Holdings Bhd. 

The government remained as the main funder to the venture capital industry by contributing 54.1% of total committed funds, equivalent to approximately RM2.954 billion as at end of 2011 (Chart 1).

In addition to the government’s funding, local companies and foreign companies as well as individuals continued to support the industry by contributing 25% and 10.64% respectively. Other contributors such as banks, insurance companies, pension and provident funds and local individuals have increased their contribution collectively from 9.43% to 10.26% as at end-2011. The top three industry players continued to be the same major players compared to 2010, based on size of assets under management, i.e Malaysia Venture Capital Management Bhd, Kumpulan Modal Perdana Sdn Bhd and Malaysian Life Sciences Capital Fund Management Company Ltd.

Investee companies at the early stage and expansion or growth stages continued to receive the bulk of the funding from venture capital funds where in total 39 investee companies received funding amounting to RM215 million representing 84.98% of total investments made during the year (Table 3).

Investments into seed and start-up stages remained low at collectively 6.61% out of total investments made during the year. These were channeled into only six investee companies compared to last year where 5% of total investments were made into 17 investee companies. Investments in investee companies at the seed and start-up stages are relatively risky and therefore investments were undertaken by government venture capitals and also
selective VCCs/VCMCs.

In terms of sector classification, there has been a shift in the investments made in 2011 from the IT and communication sector the year before to the life sciences sector (Chart 3), consistent with the increased focus on life sciences sector seen globally. In contrast, the remaining sectors recorded declining investment figures in 2011.

Table 4 shows that the proceeds from divestments of 46 investee companies during the year totaled RM146 million. There has been an increase from 2010 where total divestments stood at RM89 million with 28 investee companies being disposed. Divestments were mainly in investee companies at the later stages such as expansion/growth and bridge/mezzanine/ pre-IPO. Proceeds from divestments of investee companies at these stages amounted to approximately RM126 million, representing 86.30% of total proceeds from divestments.

 
 
YEAR 2012
The number of registered venture capital corporations (VCCs) and venture capital management corporations (VCMCs) stood at 59 and 53 respectively as at end of 31 December 2012 (Table 1). Five VCCs and two VCMCs were added to the list. On the other hand, two VCCs and one VCMC were deregistered due to the expiry of fund’s charter and changes in company direction.
 

Out of the 112 registered VCCs and VCMCs as at end of 2012, 100 are locally-owned, 10 are joint ventures while two others are foreign-owned. As at end-2012, the number of venture capital professionals employed in the industry with at least four years of experience stood at 124.
 

As compared to the previous year, the total committed funds as at end-2012 stood at RM5.698 billion which represented an increase of approximately 4.4% year-onyear (Table 2).

 
 
 

At the end of the year under review, total venture capital investments decreased by 23% to RM2.757 billion from RM3.586 billion as at the end of the previous year.Investments made in 2012 stood at RM230 million which was channeled into 47 investee companies as compared to RM253 million where a total 51 investee companies received funding in 2011.

As for divestments, there was an increase of 61% from RM146 million in 2011 to RM235 million in 2012 where 52 investee companies were divested in 2012 as compared to 46 companies in 2011. Divestments were mainly through share redemptions and trade sale.

The government remained as the main funder to the VC industry, contributing 54.07% of total committed funds, equivalent to approximately RM3.081 billion as at end of 2012 (Chart 1).

 
 
 
In addittion to government funding, local companies and foreign companies as well as individuals continued to support the industry by contributing 23.27% and 10.64% respectively. Other contributors such as banks, insurance companies, pension and provident funds, and local individuals have increased their contribution collectively from 10.26% to 12.02% as at end of 2012. The top three indutry players continued to be the same major players compared to last year, based on size of assets under management and they are Malaysian Venture Capital Management Bhd, Kumpulan Modal Perdana Sdn Bhd and Malaysian Life Sciences Capital Fund Ltd.
 
Investee companies at the early-stage up to pre-IPO stages received the bulk of the funding from venture capital funds, in which a total 42 invetee companies received funding amounting to RM217 million representing 94.35% of total investments made during the year (Table 3). 
 
 
Invesments into seed and start-up stages remained low at collectively 5.65% out of total investments made during the year. These were channeled into only five investee companies compared to last year where 6.61% of total investments were made into six investee companies.
 
 
In terms of sector classifciation, 2012 witnessed a decrease in the investments amde in the IT and communication as well as life sciences sectors (Charts 3). investements in these sectors decreased by 35.4% in the year under review.

In contrast, investments in the manufacturing sector recorded an increase of 33.5% in 2012. This was due to increased amounts of follow-on investments ade from the previous year. It was also observed that 21.6% of total investments were made in non-traditional sectors such as electricity and power generation, education and construction sectors all of which are captured under the category 'others'.
 
 
 
Table 4 shows that the total amount divested in 2012 amounted to RM235 million. There has been an increase of 61% from the previous year where total divestments stood at RM146 million with 46 investee companies being disposed in 2011. Most investee companies were divested at the bridge/mezzanine/pre-IPO stage. In 2012, proceeds from divestments of investee companies at this stahe amounted to RM133 million representing 56.45% of total proceeds from divestments.
 
 
 
 
YEAR 2013
 
The number of registered venture capital corporation (VCC) and venture capital management corporation (VCMC) stood at 56 and 52 respectively as at the end of 31 December 2011 (Table 1). Four VCCs and five VCMCs were added to the list. Due to closure of funds and changes in company direction, two VCCs were deregistered.
 
 
Out of the 119 registered VCCs and VCMCs, 99 are locally-owned, 15 are joint ventures while five others are foreign-owned. The number of venture capital professional employed in the industry with at least four years of experience stood at 103 as at end-2013.
 
The total committed funds stood at RM5.79 billion which represented an increase of approximately 1.7% year-on-year (Table 2).
 
 
Total venture capital investments increased by 24.5% to RM3.43 billion from RM2.76 billion. Investements stood at RM264 million as compared to RM230 million representing an increase of 14.8% year-on-year. A total of 56 investee companies received venture capital funding as compared to 47 investee companies.
 
As for divestments, there was an increase of 22.1% from RM235 million in 2012 to RM287 million in 2013. A total of 33 investee companies were divested in 2013 as compared to 52 companies in 2012. Divestments were mainly through share redemption and trade sale.
 
The government remained as the main funder to the venture capital industry by contrbuting 61.36% of total committed funds, equivalentto approximately RM3.56 billion (Chart 1).
 
 
Local companies contributed 18.73% while foreign companies and individuals contributed to 11.49% respectively. In terms of contribution to total sources of funds for thr industry, the contributions from banks, insurance companies, pension and provident funds, and local individuals decreased from 12.02% to 8.42% collectively. The top three industry players continued to be the same major players, based on size of assets under management, i.e. Malaysian Venture Capital Management Bhd, Kumpulan Modal Perdana Sdn Bhd and Malaysian Life Sciences Capital Fund Ltd. 
 
Investee companies at the early-stage up to pre-IPO stages received the bulk of the funding from venture capital funds in 2013 where in total 43 investee companies received funding amounting RM235 million representing 89.1% of total investment (Table 3).
 
 
Investments into seed and start-up stages collectively stood at 10.9% out of total investments. These were channeled into 13 investee companies compared to last year where 5.65% of total investments were made into five investee companies. Investments in investee companies at the seed and start-up stages were mainly undertaken by the government venture capitals and also selected VCCs/VCMCs.
 
In terms of sector clasification, there was an increase if 15.1% in the investments made in IT and communication as compared to 2012 (Chart 3).
 
 
 
It was also observed that 36.5% of total investments was made in sectors such as electricity & power generation, education, transportation & storage and also construction sectors which are all captured under the ccategory 'others'.
 
 
In contrast, investments in the manufacturing and life sciences sectors recorded declining investment figures in 2013.
 
Table 4 shows that the total amount divested was RM287 million. There has been an increase of 22.1% from the previous year where total divestments stood at RM235 million with 52 investee companies being disposed.
 
 
 
Divestments were mainly in investee companies at the later stages such as expansion/growth and bridge/mezzanine/pre-IPO. proceeds from divestments of investee companies at these stages amounted to approximately RM258 million, representing 89.79% of total proceeds from divestments.
 
 
YEAR 2014
 
The number of registered venture capital corporations (VCCs) and venture capital management corporations (VCMCs) stood at 56 respectively as of 31 December (Table 1). Seven VCCs and VCMCs deregistered due to closure of funds.
 
Out of the 122 registered VCCs  and VCMCs, 100 are locally owned, 10 are joint ventures while two are foreign-owned. The number of venture capital professional employed in the industry with at least four years of experience stood at 111.
 
Total committed funds at end 2014 stood at RM6.21 billion which represented an increase of 7.2% year-on-year (Table 2).
 
The total venture capital investments decreased by 5.4% to RM3.25 billion from RM3.43 billion at end 2013. Investments made in 2014 stood at RM318 million, a 20.5% increased from RM264 million in 2013. A total of 74 investee companies received venture capital funding as compared to 56 investee companies which received funding in 2013.
 

As for divestments, there was an increase of 46,7% from RM287 million in 2013 to RM421 million in 2014. In this regrad, 59 investee companies were divested in 2014 as compared to 33 companies in 2013. Divestments were mainly through shre redemptions and trade sale.

 

The government remained the main source of funds to the venture capital industry with a contribution of 65.9% of total committed funds, equivalent to RM4.09 billion (Chart 1). Local companies contributed 19.8% while foreign companies and individuals contributed 7.8% of total funds. Contributions from banks,insurance companies, pension and provident funds as well as local individuals have decreased from 8.4% to 7.4% collectively.

As in previous year, Malaysia Venture Capital Management Bhd, Kumpulan Modal Perdana Sdn Bhd and Malaysian Life Sciences Capital Fund Ltd remained the top three industry participants based on size of AUM.

 

Investee  companies at the early-stage up to pre-IPO stages received the bulk of venture capital funding. A total of 60 investee companies received funding amounting to RM295.57 million, representing 93.0% of total invetsments (Table 3).

Investments into seed and start-up stages colletively stood at 7% of total incestments. These were channeled into 14 investee companies compared to last year where 10.9% of total investments were made into 13 investee companies. Investments in these companies were mainly bt the government and selected VCCs/VCMCs.

Investments made in IT and communication in 2014 increased by 8.1% relative to 2013. (Chart 3). Investments in life sciences and manufacturing also showed an increase of 11.6% and 11.5% respectively.

Investments in electricity and power generation, education, transportation and storage

and construction sectors recorded a 31.2% decline.

Table 4 shows that the total amount divested in 2014 amounted to RM420.9 million. There is an increase of 46.7% from 2013, where 33 investee companies worth RM287 million were divested. Divestments were mainly in investees companies at the expansion/growth and management buy-out/casing-out stages. Proceeds from divestments of investee compnies at these stages amounted to approximately RM387.6 million, representing 92.1% of total proceeds from divestments.
 
 
YEAR 2015

The total number of registered corporations stood at 121 as at 31 December 2015 (Table 1). Over the course of 2015, three copmpanies were deregistered and 12 new registrations were approved. with the VC/PE Guidelines in effect in 2015, two additional types of registered corporatins were introduced : PE Management Corporation (PEMC) and PE Corporations (PEC). Two corporations were registered as PEMC's as at end 2015 : DWA Private Equity Sdn Bhd Maybank Private Equity Sdn Bhd with the latter completed its conversion from VCMC.

As of end 2015, the number of VC & PE professionals employed in the industry with at least four years of experience stood at 229.
 
As compared to the previous year, the total committed funds as at end of 2015 stood at RM7.15 billion which represented an increase of 15.18%  year-on-year (Table 2).

 

 
 
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