Establishment of ASEAN Private Markets Council

ASEAN-BAC Malaysia announced the establishment of the ASEAN Private Markets Council (APMC) to unlock ASEAN’s private capital potential. The formation of this council is one of the recommendations outlined in the ASEAN Private Markets Report, produced by McKinsey for ASEAN-BAC Malaysia.

The event featured a keynote by the Deputy Minister of MITI Malaysia, YB Liew Chin Tong, where he said the “Private Markets, venture and private equity funds support innovation and entrepreneurship, which are key to accelerating ASEAN’s growth. With the launch of this Council, ASEAN governments will have a partner to help them break down barriers, attract long-term investment and drive liquidity and inclusive growth for the region”.

Chairman Tan Sri Nazir Razak, who also chairs the APMC Pro-Tem Committee, highlighted that the Council’s initiatives aim to streamline a more connected and resilient private capital ecosystem. We aim to enhance capital flows in the region, raise ASEAN’s visibility to global investors, drive collaboration across the region, enhance fund managers’ performance, and ultimately attract more capital from across the region.

With over 20 companies from across Malaysia, Singapore, Indonesia, the Philippines, and Thailand committing[1] [2]  to join the council as the founding members, APMC is set to drive investment flows, support entrepreneurs, and foster a more connected ASEAN economy.
Find more the full report from McKinsey on:  https://aseanbac.com.my/aseans-private-markets-coming-together-for-growth-2/