Date : 27-Oct-2021
Location: Kuala Lumpur
Organization:
- Kenanga Investors Berhad, provides investment solutions ranging from collective investment schemes, portfolio management services, and alternative investments for retail, corporate, institutional, and high net worth clients via a multi-distribution network.
- Ericsenz Capital Pte. Ltd, is a venture capital and private equity firm licensed by the Monetary Authority of Singapore with a collective experience of close to 100 years dealing with high growth middle-market companies primarily within the technology, healthcare, consumer and energy sector.
Key Takeaways:
- Kenanga Investors Berhad (“Kenanga Investors”) has announced the launch of the Kenanga Sustainability Series: Frontier Fund (“the Fund”), targeting sophisticated retail investors who have medium to long-term investment horizons.
- Take note, this announcement is meant to recruit above-mentioned qualified investors, not potential investee companies.
- The fund will allow investors to capture the sustainable value generation of these companies, which were previously exclusively available to institutional investors.
Offerings:
The fund seeks sophisticated retail investors:
- The initial offer period is from October 27 through December 3, 2021.
- It is available in both MYR and USD classes so investors can choose to invest in their preferred currency.
- The fund aims to invest primarily in equity securities of global cutting-edge, innovative companies with long-term sustainable growth potential, are on the cusps of initial public offerings, and have or will develop products and services that are linked to technologically-driven innovations.
- It targets industries of the future, such as the space economy, the metaverse, healthcare, fintech and cybersecurity.
- The fund feeds into the Ericsenz Frontier Fund, with the latter acting as the fund manager.
Spokepersons:
- Ismitz Matthew De Alwis, Executive Director and Chief Executive Officer of Kenanga,said,the fund is an initiative by Kenanga to embark on a new frontier by matching investors who are not familiar with promising and young start-up companies who fits the criteria,forming a new gateway for both investors and investee companies to reach their financial goals.
Insights:
- Frontier tech represents a multitude of opportunities in boosting the development curve of the future, from utilisation of technologies to reduce carbon emissions, new medical discoveries to propel patient empowerment to the democratisation of financial services, the advent of frontier tech will allow for greater societal benefits and driving sustainable returns.
- Kenanga began the process of bridging the gap between prominent players of the new ‘Big Tech’ and their investors back in 2019.
Editor's comments:
- Kenanga is a well known investment company in Malaysia, however, for many years, were not in touch with the tech startup scenes, hence, this initiative will see them coming into the niche and leverage their extensive experience to help both investors and startup companies, to growth and offers a greater societal benefits.
- This is good for both retail investors and startup companies, with the former having more opportunities to invest, and the latter more options of funding.
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| Frontier fund caters for portfolio diversification to the exploration of a new investment universe beyond the traditional investing realm. |
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