MALAYSIA: Broadening its digitalization initiatives, for both conventional and Shariah compliant offerings, Kenanga Group is investing in Singaporean fintech Helicap. The 8% stake secured via Kenanga Investors will be later raised to 10%, leading to Kenanga Group becoming the largest institutional in Helicap. The Investment follows the launch of Kenanga Alternative Series: Income Opportunities Fund in July 2024, which feeds into the Helicap Income Opportunities Fund, an open-ended Asian private credit fund.
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