The Malaysian Business Angel Network (MBAN) hopes to enlist 200 angel investors into the collective by the year-end. MBAN President Dr. Sivapalan Vivekarajah said this today at the media briefing after presenting MBAN’s ‘State of the Nation Report 2016’ on the emerging angel market in Malaysia.

KUALA LUMPUR: The Malaysian Business Angel Network (MBAN) hopes to enlist 200 angel investors into the collective by the year-end.

At present, the organisation, which is one-and-a-half years old, has 120 angel investors listed with it, most of whom comprise high-income earners as well as high net worth individuals.

MBAN President Dr. Sivapalan Vivekarajah said this today at the media briefing after presenting MBAN’s ‘State of the Nation Report 2016’ on the emerging angel market in Malaysia.

“Business Angels (BA) in Malaysia are impressive as they are highly educated hands-on-investors who effectively co-invest primarily in seed- and early-stage companies that operate in Malaysia and Asean,” he said.

“These Business Angels have access to significant amounts of inevstment capital and generally report favourable returns in spite of their limited time of private equity investing in an emerging economy that provides minimal protection to minority shareholders,” he said.