Asean-BAC to establish Asean private markets association by year-end: Nazir Razak

KUALA LUMPUR: The Asean Business Advisory Council (Asean-BAC) is in the process of establishing the Asean Private Markets Association, expected to be formalised by year-end.

Asean-BAC Malaysia chairman Tan Sri Nazir Razak said a pro tem committee comprising members from Malaysia, Singapore, Thailand and Indonesia is working towards the association’s formal establishment.

“The idea is to create a platform to advise governments on enhancing policies to develop the private markets industry, including venture capital and private equity, across Asean,” he told reporters after delivering his welcoming address at the Asean Business Forum 2025 here today.

Nazir said the association could help overcome market fragmentation issues and drive the region’s industry development.

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