Page 178 - SC Annual Report 2018 (ENG)

Securities
Commission
Malaysia
ANNUAL
REPORT
2018

veNTuRe cAPITAL ANd

PRIvATe eQuITy

The total number of registered corporations stood at cumulative investments stood at RM3.1 billion.
117 as at 31 December 2018 (Table 1). The venture As for divestments, there was a decrease from
capital segment accounted for 105 registered RM375.2 million in 2017 to RM161 million in
corporations (VCMC and VCC) while the private 2018. In this regard, the divestments, either partial
equity segment consisted of 12 registered corporations or full, involved 75 investee companies which were
(private equity management corporation (PEMC) and divested in 2018 compared to 59 companies in
private equity corporation (PEC)). The year saw a 2017. Divestments recorded during the year were
number of new registrants of homegrown as well as mainly through IPOs and sale or distribution to
local offices of regional firms such as RHL Ventures investors.
Sdn Bhd, Sun SEA Capital Sdn Bhd and V V P
Advisors (Malaysia) Sdn Bhd. Public funds remain the largest source of capital
for the industry with government agencies and
The number of investee companies increased from investment companies making up 40.2% while
381 in 2017 to 387 in 2018. As of end 2018, the sovereign wealth funds contributed 30.2%. Private
number of professionals employed by the industry sector contribution to the industry were led by
with at least four years’ experience stood at 235. asset managers (9.7%) followed by corporate
investors (10.8%) and individual investors and
Total committed funds in the industry as at end of family offices (5.1%).
2018 stood at RM6.1 billion (Table 2). This decrease
is largely due to a deregistration of a major VC. The top 3 registered corporations by amount of
Despite this, 2018 saw a 46.8% increase in investor commitments as at end 2018 were Xeraya
investment activity amounting to RM613.3 million Capital, Malaysia Venture Capital Management
invested during the year from RM417.8 million in Bhd (MAVCAP) and COPE Private Equity Sdn Bhd.
2017. At the end of the year under review, the total

Table 1
statistics of industry participants
31 December 2018 31 December 2017

Number of registered corporations 117 110
Number of registered VCMCs and VCCs 105 101

Number of registered PEMCs and PECs 12 9
Number of investee companies 387 381
Number of VC & PE professionals 1 235 182

1 Professionals with more than 4 years of experience.

168 | PART 5 »» STATEMENTS, STATiSTiCS ANd ACTiviTiES

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