SBI To Launch Investment fund With Malaysia State Fund

SBI Holdings Inc., one of the top Japanese venture firms, said that it will launch an investment fund jointly with Malaysian state-run fund management company Permodalan Nasional Berhad (PNB). The new entity will invest in firms in China, India and ASEAN countries with capital of $50 million. So far SBI has teamed up with a variety of Asian investment groups like KTIC Holdings (Korea), Temasek Holdings (Singapore), and State Bank of India etc.