9 January 2025 12:07 am Views - 150
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Plus94 Fund Chairman
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Crewstone International CEO Izmir Bin Mujab
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Plus94 Fund Senior Advisor
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A US$ 75 million private equity fund has been launched by leading investment firms Crewstone International and Plus94 Fund. This new initiative aims to accelerate the growth of both Southeast and South Asia’s tech sectors, with a strategic focus on HealthTech, AI-driven outsourcing, AgriTech, and Deep Tech.
The inauguration of the Crewstone Plus94 Technology Fund marks a significantpartnership between aSri Lankan and Malaysian firm, offering investors a unique opportunity to participate in the dynamic growth of the region’s technology sectors.With a minimum investment of US$ 5 million for a fund life of 8 years, investors are offered IPO, Trade Sale, and Secondary Sale as exit strategies.
The fund’sinvestment strategy revolves around early-stage technology companies reshaping the region’s industries. By employing a bottom-up approach, the team meticulously selects businesses with the potential to deliver solid returns. Operating under the Labuan Financial Services Act, the fund offers a flexible structure that ensures tax efficiency and operational advantages for investors.
“Asia’s technology sector is a sleeping giant. With this fund, we aim to awaken its full potential and lead it into the global spotlight,” said M. Rajaram, Chairman of Plus94 Fund.
“Over 1.2 billion people in South Asia are expected to join the middle class by 2030, driving unprecedented demand for technology solutions. Our fund is strategically positioned to meet this demand with targeted investments,” added Izmir Bin Mujab, CEO of Crewstone International.
The fund’s leadership comprises seasoned professionals with decades of private equity and tech investment expertise, committed to focusing on market trends, regulatory compliance, and sustainability to ensure optimal results for investors.
With the two firms’ commitment to long-term growth in deep tech, the Crewstone Plus94 Technology Fund aims to provide a stable and high-growth investment opportunity for its stakeholders – i.e. those looking to capitalize on the growth of the South Asian and Southeast Asian tech sector.
Plus94 Fund is a pioneering investment advisory with offices in Sri Lanka and Singapore, dedicated to unlocking diverse opportunities for local and international investors. Focused on delivering long-term growth and value, Plus94 Fund leverages deep market expertise and robust financial strategies to navigate dynamic economic landscapes. Crewstone International is a leader in private equity and investment advisory, offering bespoke financial solutions to a diverse clientele. Headquartered in Malaysia, Crewstone specializes in identifying high-potential investment opportunities across multiple sectors, including real estate, technology, and infrastructure. The firm’s strategic approach integrates market intelligence, rigorous analysis, and innovative thinking to deliver superior returns for its investors.