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The Malaysianist

Hype Autopsy

What did this Khazanah venture bet buy?

Mapping what came back after a decade.

Sep 30, 2026
∙ Paid

Hype Autopsy covers private equity, venture capital and tech. Non-mainstream stuff.

Today, we look at a legacy fund.


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A simple thing to ask of any government-backed venture fund is this, how much money has it actually returned?

To its investors, that is.

Venture is a long game, where a fund’s life typically runs 10 years, with an extension of a year or two on top.

I’ve written about some of our legacy funds before, but that was on Q3 2023 data.

The great Mavcap misfire

The great Mavcap misfire

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June 1, 2025
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This time, I have an update on the Gobi Mavcap Asean SuperSeed Fund.

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