RFP for Venture Capital Fund Manager
PENJANA KAPITAL OPENS RFP FOR VENTURE CAPITAL FUND MANAGER
Penjana Kapital Sdn Bhd (Penjana Kapital) is pleased to announce that it is commencing the Request for Proposal (RFP) process for the Dana Penjana Nasional fund of funds program, to select venture capital fund managers.
 
The proposal from applicants must demonstrate, amongst others, extensive knowledge of the tech ecosystem (including Malaysia), proper investment strategy and process, proposed talent development and knowledge transfer program to be carried out. The applicant is expected to have track record of current/previous funds as well as fundraising capabilities. The proposal must demonstrate how it can result in tangible benefits to the Malaysian economy.
 
The RFP process will begin accepting submissions commencing today, 11 September 2020 and the deadline for submissions is at 5pm on 25 September 2020. Under the inaugural Dana Penjana Nasional fund of funds program, Penjana Kapital and selected applicants will be allocating the RM1.2 billion (RM600 million from Dana Penjana Nasional) fund across the whole venture capital life cycle as follows:
  1. Seed/Co-Creation
    This fund is specifically dedicated as a start-up launchpad by co-creating companies or providing seed capital to early-stage start-ups.
  2. Series A/B
    Invest in post-revenue companies that have passed the ideation stage and ready to scale up
  3. Growth Stage
    The expansion stage for a company, after Series A/B.
  4. Venture Debt
    Specifically dedicated fund to provide short/mid-term financing for early, mid, and late stage companies, which are usually not covered by the banks.
Final submission has been closed on 25 September 2020, 5.00PM MYT 

For Clarification: Please email to <submission@penjanakapital.com.my>