SECP registers 7 new private funds in 2022

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The Securities and Exchange Commission of Pakistan (SECP) has registered seven (7) new private funds under the Private Funds Regulations during the calendar year 2022.

Given that the Private Funds industry for past many years had only five funds, the registrations of two Venture Capital (VC) funds, four Private Equity and Venture Capital (PE&VC) funds and the country’s first alternative fund is a significant development.

Incentivized by the consistent reform measures, a sharp growth has been witnessed during the past three years in the number of PFMCs from four to ten, leading to an increase in the number of players in the SECP regulated PF industry.

The new funds, worth approximately Rs. 13.6 billion are expected to be launched within the financial year ending June 30, 2023. Following the launch of these funds, the cumulative asset size of PF sector is expected to increase to PKR25.8 billion, from PKR12.287 billion as on September 30, 2022, indicating a growth of 110 percent.