HUM Network to launch Pakistan Katalytic Fund worth $50mn

MG News | October 20, 2022 at 01:35 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 20, 2022 (MLN): HUM Network Limited (PSX: HUMNL) on Thursday informed that its 100% owned subsidiary, HUM NETWORK FZ LLC. entered into an arrangement with GS Group Inc. as General Partners (GPs) to launch and manage a fund named Pakistan Katalytic Fund (PKF) with an expected fund size of close to $50 million.

Through PKF, GPs will invest the funds of different Limited Partners (LPs) in technology and related companies which have the potential to scale their business with the objective of generating target returns for investors.

The GPs shall work together and pool in their respective expertise to manage the said PKF and to set up Fund Management Company(ies) in any jurisdictions deemed suitable.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	182,241.78 412.98M	0.54% 982.10
ALLSHR	110,583.67 943.78M	0.59% 653.91
KSE30	54,431.71 88.75M	0.62% 333.09
KMI30	256,914.21 109.86M	0.51% 1306.68
KMIALLSHR	71,041.31 586.34M	0.56% 392.65
BKTi	51,712.76 42.20M	1.08% 554.64
OGTi	36,659.58 6.31M	0.32% 116.76

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,490.00	64,680.00 64,120.00	405.00 0.63%
BRENT CRUDE	75.22	77.52 75.22	-1.08 -1.42%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-2.20 -2.04%
ROTTERDAM COAL MONTHLY	118.00	118.00 117.60	-1.20 -1.01%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	71.51	73.16 70.77	-0.57 -0.79%
SUGAR #11 WORLD	14.86	15.14 14.71	-0.26 -1.72%