- Key sectors include renewable energy, waste-to-energy, hydrogen, EVs, etc
- Fund targets Asia’s growing green economy by investing in high-potential businesses
Newton Hexon Capital, a leading investment firm, and PMB Investment Berhad, an Islamic Fund Management Company under Pelaburan MARA Berhad, have announced the launch of the Newton Hexon Asia Growth Fund. In a joint statement, they stated that this Shariah-compliant private fund is designed to capitalise on Asia’s rapidly growing green economy by investing in high-potential businesses across diverse sectors.
Mohd Idzwan Izuddin Ab Rahman, chairman of PMB Investment, expressed his enthusiasm for this initiative, saying, “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 honoured 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 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 investment world.”
The Newton Hexon Asia Growth Fund offers clients, partners, investors, and governments an opportunity to engage in the region’s swift transition towards sustainability. Focusing on key sectors such as renewable energy, energy efficiency, waste-to-energy, hydrogen generation, electric vehicles and related technologies, and urban farming, the fund aims to support businesses leading 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 with leading providers of testing, inspection, and certification services to ensure the fund adheres to high environmental, social, and governance standards. These partners will assess key ESG factors such as energy savings, indoor air quality, and overall sustainability impact.
To 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