Karachi October 20, 2022: HUM Network Limited is pleased to announce that its 100% owned subsidiary, HUM NETWORK FZ LLC., has entered into an arrangement with GS Group Inc. as General Partners (GPs) where the GPs will work together to launch and manage a fund named Pakistan Catalytic Fund (PKF) with an expected fund size of close to U5D 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 Companies in any jurisdictions deemed suitable.