NEWTON HEXON CAPITAL AND PMB INVESTMENT BERHAD PARTNER TO LAUNCH NEWTON HEXON ASIA GROWTH FUND, DRIVING GREEN BUSINESS DEVELOPMENT IN ASIA
Kuala Lumpur, 28 October 2024 – Newton Hexon Capital, a leading investment firm, and PMB Investment Berhad, an Islamic Fund Management Company (IFMC) under Pelaburan MARA Berhad, today announced the launch of the Newton Hexon Asia Growth Fund. This syariah-compliant private fund is strategically designed to capitalise on Asia's rapidly growing green economy by investing in high-potential businesses across diverse sectors.
Today's meeting at Wisma PMB was led by Y.A.M. Tunku Naquiyuddin Ibni Tuanku Ja’afar, Honorable Chairman of Newton Group, and Datuk Mohd Idzwan Izuddin Ab Rahman, Chairman of PMB Investment. Also in attendance was Mahdzir Othman, Group Chief Executive Officer of Pelaburan MARA Berhad.
Datuk Mohd Idzwan expressed his enthusiasm for this initiative, stating, "PMB Investment serves as the investment manager for this private fund in Malaysia, leveraging our licensed status. This partnership marks a significant milestone as we expand our commitment to sustainable investments. Through the Newton Hexon Asia Growth Fund, we aim to drive impactful growth in the green economy across Asia, offering our investors access to innovative companies shaping a greener future."
Meanwhile, Roy Fung, Managing Partner of Newton Hexon Capital, commented, "We are honored to mark this defining moment in our journey together with PMB Investment on this forward-thinking fund.
The Newton Hexon Asia Growth Fund will serve as a platform for businesses that are actively transforming Asia’s green landscape, providing both financial returns and lasting, positive ESG impacts. This fund represents not just capital, but a commitment to innovation, integrity, and collaboration in the world of investment." The Newton Hexon Asia Growth Fund offers clients, partners, investors, and governments a unique opportunity to engage in the region's swift transition toward sustainability. By focusing on key sectors such as renewable energy, energy efficiency, waste-to-energy, hydrogen generation, electric vehicles (EVs) and related technologies, as well as urban farming, the fund seeks to support businesses leading the way in environmentally sustainable solutions.
Key Investment Criteria
The Newton Hexon Asia Growth Fund will prioritise projects that demonstrate a positive environmental impact. Key investment criteria include:
• Adherence to International Guidelines: Projects must align with recognised international standards for environmental sustainability.
• Carbon Emission Reduction: Investments will be evaluated based on their potential to reduce carbon emissions.
• Energy Savings: The fund will favor projects that promote energy efficiency and conservation.
• Waste Management: Initiatives focused on sustainable waste management and recycling will be considered.
• Social Impact: Projects contributing to social good and community development will be prioritized.
• Corporate Governance: Strong corporate governance practices will be a key consideration.
• Regulatory Compliance: Projects must comply with relevant environmental regulations and standards.
ESG Certification and Ongoing Management
Newton Hexon Capital has partnered leading providers of testing, inspection, and certification services, to ensure the fund adheres to high environmental, social, and governance (ESG) standards. These partners will assess key ESG factors such as energy savings, indoor air quality, and overall sustainability impact. To further underscore its commitment to sustainability, the fund may seek certification from additional international and local bodies as required. Ongoing portfolio management will ensure all investments continue to meet or exceed global ESG standards. For more information on PMB Investment’s products, please visit www.pmbinvestment.com.my.
Kuala Lumpur, 28 October 2024 – Newton Hexon Capital, a leading investment firm, and PMB Investment Berhad, an Islamic Fund Management Company (IFMC) under Pelaburan MARA Berhad, today announced the launch of the Newton Hexon Asia Growth Fund. This syariah-compliant private fund is strategically designed to capitalise on Asia's rapidly growing green economy by investing in high-potential businesses across diverse sectors.
Today's meeting at Wisma PMB was led by Y.A.M. Tunku Naquiyuddin Ibni Tuanku Ja’afar, Honorable Chairman of Newton Group, and Datuk Mohd Idzwan Izuddin Ab Rahman, Chairman of PMB Investment. Also in attendance was Mahdzir Othman, Group Chief Executive Officer of Pelaburan MARA Berhad.
Datuk Mohd Idzwan expressed his enthusiasm for this initiative, stating, "PMB Investment serves as the investment manager for this private fund in Malaysia, leveraging our licensed status. This partnership marks a significant milestone as we expand our commitment to sustainable investments. Through the Newton Hexon Asia Growth Fund, we aim to drive impactful growth in the green economy across Asia, offering our investors access to innovative companies shaping a greener future."
Meanwhile, Roy Fung, Managing Partner of Newton Hexon Capital, commented, "We are honored to mark this defining moment in our journey together with PMB Investment on this forward-thinking fund.
The Newton Hexon Asia Growth Fund will serve as a platform for businesses that are actively transforming Asia’s green landscape, providing both financial returns and lasting, positive ESG impacts. This fund represents not just capital, but a commitment to innovation, integrity, and collaboration in the world of investment." The Newton Hexon Asia Growth Fund offers clients, partners, investors, and governments a unique opportunity to engage in the region's swift transition toward sustainability. By focusing on key sectors such as renewable energy, energy efficiency, waste-to-energy, hydrogen generation, electric vehicles (EVs) and related technologies, as well as urban farming, the fund seeks to support businesses leading the way in environmentally sustainable solutions.
Key Investment Criteria
The Newton Hexon Asia Growth Fund will prioritise projects that demonstrate a positive environmental impact. Key investment criteria include:
• Adherence to International Guidelines: Projects must align with recognised international standards for environmental sustainability.
• Carbon Emission Reduction: Investments will be evaluated based on their potential to reduce carbon emissions.
• Energy Savings: The fund will favor projects that promote energy efficiency and conservation.
• Waste Management: Initiatives focused on sustainable waste management and recycling will be considered.
• Social Impact: Projects contributing to social good and community development will be prioritized.
• Corporate Governance: Strong corporate governance practices will be a key consideration.
• Regulatory Compliance: Projects must comply with relevant environmental regulations and standards.
ESG Certification and Ongoing Management
Newton Hexon Capital has partnered leading providers of testing, inspection, and certification services, to ensure the fund adheres to high environmental, social, and governance (ESG) standards. These partners will assess key ESG factors such as energy savings, indoor air quality, and overall sustainability impact. To further underscore its commitment to sustainability, the fund may seek certification from additional international and local bodies as required. Ongoing portfolio management will ensure all investments continue to meet or exceed global ESG standards. For more information on PMB Investment’s products, please visit www.pmbinvestment.com.my.
-END-
For further information, please contact:
TAHA RUSYDI MOHD NAZRI
Acting Head, Marketing Communications
Pelaburan MARA Berhad
Tingkat 2, Wisma PMB,
No 1A Jalan Lumut
50400 Kuala Lumpur
T: 03-4145 3830
F: 03-4145 3801
M: 012-2737 685
taha.rusydi@pelaburanmara.com.my
TAHA RUSYDI MOHD NAZRI
Acting Head, Marketing Communications
Pelaburan MARA Berhad
Tingkat 2, Wisma PMB,
No 1A Jalan Lumut
50400 Kuala Lumpur
T: 03-4145 3830
F: 03-4145 3801
M: 012-2737 685
taha.rusydi@pelaburanmara.com.my
