The venture capital sector has enjoyed a decade of global prominence amid record levels of fundraising. Intres Capital Partners Sdn Bhd partner Amin Shafie tells Personal Wealth that the government — and in particular, Malaysia Venture Capital Management Bhd (Mavcap) — played a very important role in “seeding” the technology venture capital sector. This seeding process started as far back as the mid-1990s with another government-linked venture capital fund MSC Venture Corporation, which Amin used to work for. In addition to government-linked funds, some banks also set up venture capital funds at the turn of the millennium. This time, starting at four times.”According to Malaysian Venture Capital and Private Equity Association chairman Victor Chua, another key driver of the emergence of private sector venture capital funds locally and internationally was the 2008 global financial crisis.

Source: The Edge Markets January 23, 2020 03:33 UTC