Malaysia's Kenanga unit launches fund targeting to invest in global unicorns

Malaysia's Kenanga unit launches fund targeting to invest in global unicorns

Photo from Kenanga's website.

Kenanga Investors, the asset management subsidiary of Malaysian lender Kenanga Investment Bank, is launching a “unicorn fund” targeting startups with a near term visibility of an IPO within 6–24 months or are valued at over $1 billion.