This initiative acknowledges the vital role of private markets in facilitating capital flows across the ASEAN region. It aims to enhance intra-ASEAN investment by pinpointing and addressing deficiencies in the private market landscape. By supporting the expansion of venture capital and private equity funds based in ASEAN, the initiative aspires to strengthen collaboration among capital providers. This, in turn, is intended to create fresh opportunities to spur economic growth, and generate long-term value, contributing to sustainable development across ASEAN.