HUM Network to launch Pakistan Katalytic Fund worth $50mn

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

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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.

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