Latest news with #DanaImpak
The Star
07-08-2025
- Business
- The Star
Khazanah's Dana Impak initiative a boost for MTCs
Khazanah Nasional Bhd managing director Datuk Amirul Feisal Wan Zahir. PETALING JAYA: More than 100 mid-tier companies (MTCs) in Malaysia are being honed to level-up via efforts by Khazanah Nasional Bhd's initiative, Dana Impak. In Malaysia, MTCs contribute about 36% to the country's gross domestic product and employ some 16% of the national workforce. In a statement, the sovereign wealth fund said these will include a dual-track approach of capacity development and mobilising growth capital via private credit and private equity strategies. Managing director Datuk Amirul Feisal Wan Zahir said through Dana Impak, the group aims to be both a catalyst and a connector by identifying gaps in the ecosystem, deploying patient capital where markets are underserved, and investing in talent among others. 'Our focus on levelling up Malaysian MTCs represent our Advancing Malaysia strategy to enhance the country's economic competitiveness and resilience,' he said. He added among the initiatives included were the Elevate Programme, a four-month executive leadership programme established by the Securities Commission's affiliate, Capital Markets Malaysia (CMM) with the aim of preparing small and medium enterprises (SMEs) and MTCs for successful capital raising. 'As part of Khazanah's efforts to support MTCs access to the capital markets and strengthen their fundraising capabilities, Khazanah together with CMM will jointly fund MTCs participants in Elevate cohorts until 2027,' it said. Another initiative is the MTC Growth Innovation Programme (MGIP), designed to equip MTCs with the skill sets to venture into new markets or expand into new business segments. Khazanah said there will be masterclasses on customer-centricity, enterprise innovation and business expansion plan validation, while companies will have diagnostic support and executive coaching. MGIP participants such as Enda Group Sdn Bhd said challenges faced as MTC's are distinct from those of SMEs. 'That's what drew us to join MGIP as it is a programme that understands what it takes to scale a business like ours,' said group chief executive officer Mohammad Munzir Aminuddin. According to Amirul, Khazanah's private credit strategy under Dana Impak aims to accelerate the growth of Malaysian MTCs with non-dilutive financing solutions. 'In line with this effort, Khazanah is pleased to announce its partnerships with Navis Capital Partners and Granite Asia,' he said. Under the private equity strategy, Khazanah announced a partnership with Creador, to accelerate regional expansion and drive growth within MTCs through its value creation capabilities. Meanwhile, Khazanah said there are opportunities for MTC's to apply for the next MGIP cohort, which will commence in the third quarter of this year.
New Straits Times
06-08-2025
- Business
- New Straits Times
Khazanah boosts support for mid-tier companies
KUALA LUMPUR: Khazanah Nasional Bhd is ramping up support for domestic mid-tier companies (MTCs) through a dual-track strategy under its Dana Impak initiative. This approach combines capacity building with growth capital through private credit and private equity. The initiative aims to benefit over 100 MTCs by strengthening capabilities, improving access to funding and driving innovation-led growth. "Khazanah's private credit strategy under Dana Impak aims to accelerate the growth of Malaysian MTCs through non-dilutive financing solutions," it said in a statement. Khazanah is partnering with Navis Capital Partners, a Kuala Lumpur-based Asean-focused investment firm, and Granite Asia, to provide customised credit solutions that support the growth of local MTCs. Under its private equity track, the sovereign wealth fund is also working with experienced fund managers to help MTCs scale up, enter regional markets, and enhance operations. It also announced a partnership with Malaysian private equity firm Creador, known for helping growth-stage companies expand regionally and unlock performance through value creation. Khazanah managing director Datuk Amirul Feisal Wan Zahir said that through Dana Impak, the fund serves as both catalyst and connector. It addresses gaps in the ecosystem, providing long-term capital where the market falls short, investing in talent, and attracting private investors. "Our focus on levelling up Malaysian MTCs represents our Advancing Malaysia strategy to enhance Malaysia's economic competitiveness and resilience.
The Star
06-08-2025
- Business
- The Star
Khazanah supports over 100 Malaysian MTCs through dual-track growth strategy
Khazanah Nasional Bhd managing director Datuk Amirul Feisal Wan Zahir. KUALA LUMPUR: Khazanah Nasional, through Dana Impak, is supporting over 100 Malaysian mid-tier companies (MTCs) through a dual-track approach involving capacity development and growth capital via private credit and equity. The aim is to strengthen capabilities, expand capital access, and drive innovation-led growth as MTCs navigate a fast-changing economic landscape. 'Through Dana Impak, we act as both catalyst and connector – identifying gaps in the ecosystem, deploying patient capital where markets underserve, investing in talent and helping to crowd in private investors, requiring a whole-of-nation approach to foster innovation and fuel long-term growth,' Khazanah managing director Datuk Amirul Feisal Wan Zahir said in a statement. 'Our focus on levelling up Malaysian MTCs represent our Advancing Malaysia strategy to enhance Malaysia's economic competitiveness and resilience. We are pleased to welcome our partners on this journey to unlock the full potential of Malaysian MTCs,' he added. Meanwhile, Securities Commission (SC) executive chairman Datuk Mohammad Faiz Azmi said MTCs in Malaysia act as a crucial growth engine by enhancing industrial output, creating jobs, fostering innovation and contributing a significant 36% to national gross domestic product (GDP). 'Through our 5 Year MSME & MTC Roadmap (2024–2028) the SC plays a central role in supporting MTCs in Malaysia by enhancing their access to funding, market-readiness, and strategic growth opportunities via the capital markets. 'We commend Khazanah's efforts and support of the SC's long-term goal to ensure a more inclusive and holistic capital market fundraising ecosystem,' Mohammad Faiz said. Khazanah's private credit strategy under Dana Impak aims to accelerate the growth of Malaysian MTCs through non-dilutive financing. To support this, Khazanah is partnering with Navis Capital Partners and Granite Asia to offer tailored credit solutions for MTC growth and expansion. Under its private equity strategy, Khazanah aims to help Malaysian MTCs scale, expand regionally, and strengthen operations by partnering with experienced fund managers. To drive this effort, Khazanah is partnering with Creador, a Malaysian PE firm with a strong regional presence and track record in supporting growth-stage companies. Khazanah invites Malaysian MTCs to apply for the next MGIP cohort starting in Q3 2025. Eligible companies shall be Malaysian-owned, privately held, with annual revenue between RM20mil/RM50mil and RM500mil (services/manufacturing), a profitable track record, and a strong innovation mindset. For more information visit:
New Straits Times
06-08-2025
- Business
- New Straits Times
Khazanah rolls out dual-track strategy to boost mid-tier firms
KUALA LUMPUR: Khazanah Nasional Bhd is ramping up support for local mid-tier companies (MTCs) through a dual-track strategy under its Dana Impak initiative, combining capacity building with growth capital via private credit and private equity. The initiative aims to benefit over 100 MTCs by strengthening capabilities, improving access to funding and driving innovation-led growth. "Khazanah's private credit strategy under Dana Impak aims to accelerate the growth of Malaysian MTCs with non-dilutive financing solutions," it said in a statement. Khazanah is partnering with Navis Capital Partners, a Kuala Lumpur-based Asean-focused investment firm, and Granite Asia, to provide customised credit solutions that support the growth of local MTCs. Under its private equity track, the sovereign wealth fund is also working with experienced fund managers to help MTCs scale up, enter regional markets, and enhance operations. It also announced a partnership with Malaysian private equity firm Creador, known for helping growth-stage companies expand regionally and unlock performance through value creation. Khazanah managing director Datuk Amirul Feisal Wan Zahir said that through Dana Impak, the fund plays both a catalyst and connector role, addressing gaps in the ecosystem, providing long-term capital where the market falls short, investing in talent, and attracting private investors. He said this requires a whole-of-nation effort to drive innovation and support sustainable growth. "Our focus on levelling up Malaysian MTCs represent our Advancing Malaysia strategy to enhance Malaysia's economic competitiveness and resilience. We are pleased to welcome our partners on this journey to unlock the full potential of Malaysian MTCs," he said.
The Star
24-06-2025
- Business
- The Star
Khazanah, unit pick first five venture capital firms
PETALING JAYA: Khazanah Nasional Bhd and its subsidiary, Jelawang Capital, have selected their first five venture capital (VC) firms under the Emerging Fund Managers' Programme (EMP) and Regional Fund Managers' Initiative (RFI) to nurture local VC fund managers and cultivate a more vibrant VC capital ecosystem. The firms selected under the EMP are Vynn Capital, Kairous Capital and First Move, while two firms chosen under the RFI were AppWorks and Granite Asia. The EMP programme is structured to support Malaysian fund managers in raising their first, second or third fund with the goal of creating regionally competitive VC fund managers by strengthening fund governance, building track record and crowding in capital, said a joint statement by the sovereign wealth fund and Jelawang Capital. The RFI initiative aims to attract regional and global fund managers who are committed to enriching the local startup ecosystem, through supporting the growth of Malaysian startups to be regional and global players, including facilitating the re-domiciliation of global companies in Malaysia to expand local job capabilities and attract quality talent in the Malaysian ecosystem. 'Through Dana Impak and Jelawang Capital, we act as both catalyst and connector – bringing together funders, founders, and institutions to strengthen a venture ecosystem that supports firms from nimble startups to medium enterprises and established corporates. 'Our focus is not just on capital, but on crowding in participants to build an ecosystem where innovation can thrive –enhancing Malaysia's economic competitiveness and resilience,' Khazanah's managing director Datuk Amirul Feisal Wan Zahir said in a statement yesterday. The VC firms were selected through a rigorous evaluation process focused on the funds' investment thesis, strength of core team, governance and alignment with strategic national development priorities. Jelawang Capital chairman Datuk Hisham Hamdan added: 'We began with a systems-driven approach to ecosystem building and, via the EMP and RFI, we are excited to support the next generation of Malaysian fund managers and deepen the pool of quality founders. 'In that respect, we are proud to work with this group of high calibre fund managers, while further crowding-in capital, talent, expertise and capabilities into this ecosystem. In shoring up this ecosystem, we look forward to working with like-minded partners and investors.' Jelawang Capital is a company under Dana Impak and will act as Malaysia's national fund-of-funds to strengthen the VC ecosystem with its allocation of RM1bil. Dana Impak plays a catalytic role in Khazanah's investment strategy, and works to catalyse the VC ecosystem, levelling up mid-tier companies and strengthening the country's position in semiconductor and advanced manufacturing. Khazanah and Jelawang Capital stated that Vynn Capital is a VC firm with a focus on the mobility and supply chain sectors across seed to Series A investment stages with a focus on the South-East Asia region. Kairous Capital's roots are in technology and has positioned itself as a cross-border specialist, supporting Malaysian startups in scaling into key South-East Asian markets, including Vietnam, Thailand, and Indonesia. It can also facilitate regional growth for high-potential companies and the transfer of innovation and know-how from technologically advanced countries like China. First Move, meanwhile, is a founder-led VC firm backing pre-seed stage startups across South-East Asia. AppWorks is an early-stage VC from Taiwan that fuses an equity-free accelerator with founder-first capital to scale Greater South-East Asia's tech startups – and has a top-quartile distribution to paid-in capital track record. Its investment mandate is in artificial intelligence, blockchain and digital economy in South-East Asia. Granite Asia is a leading multi-stage investor focused on transformative opportunities across Asia, with a track record of building over 115 unicorns and achieving 61 initial public offerings globally. Its early-stage fund will back transformative startups across Asia in sectors like consumer tech, enterprise software, healthcare, advanced manufacturing and automation.
