KB Investment, RHL Ventures launch $55m co-GP fund backed by Malaysia's Penjana Kapital

KB Investment, RHL Ventures launch $55m co-GP fund backed by Malaysia's Penjana Kapital

Kuala Lumpur, Malaysia. Photo by Kah Hay Chee on Unsplash

South Korea’s KB Investment and Malaysia’s RHL Ventures have launched a $55-million co-general partner (GP) fund backed by Malaysia government-backed Penjana Kapital, said a senior executive at the fund.