Page 237 - SC SCAR 2023 ENGLISH Flipbook

In terms of target industries, financial services (18.12%) saw the highest share of VC investment in 2023, followed by wholesale and retail trade (13.55%), and life sciences (12.97%).
As for PE, investments were largely channeled to business services (45.06%) in 2023, followed by wholesale and retail trade (35.15%) and transportation and storage (4.28%) (Chart 3).
CHART 3
Investments during 2023, top 5 target industries
PART 6 MARKET STATISTICS
Private equity
4.28%
4.02% 3.44%
8.05%
Venture capital
Business services
Wholesale and retail
Transportation and storage
Professional, scientific and technical activities
45.06%
18.12% 13.55%
12.97% Arts, entertainment 10.77%
35.15%
Financial services
Wholesale and retail
and recreation
Professional, scientific and technical activities
Others
Life sciences
Manufacturing Others
TABLE 4
8.94%
Divestments during 2023
35.66%
Business Stage
Divestments (RM ‘000)
% of segment
No. of companies
Venture Capital
Seed
28,958.06
8.06%
4
Start-up
12,926.30
3.60%
2
Early stage
62,971.36
17.54%
8
Growth
253,951.56
70.72%
112
Buyout
269.48
0.08%
1
Private Equity
Growth
657,077.40
93.27%
21
Buyout
46,710.02
6.63%
2
Turnaround/Restructuring
737.35
0.10%
1
Total
1,063,601.52
100.00%
151
Venture Capital
359,076.75
33.76%
127
Private Equity
704,524.77
66.24%
24
Note:
Figures measured at cost.
Divestments during 2023 were mainly exits in the growth stage for both VC and PE segments (Table 4). Exits in 2023 were primarily through IPO or sale to public markets and trade sales.
SECURITIES COMMISSION MALAYSIA ANNUAL REPORT 2023 235