We get our name from the Seraya tree—one of the tallest tropical trees in the world, its height forming part of the forest canopy. Indeed, the tallest tropical tree in the world is a Yellow Seraya tree that can be found in Sabah, Malaysia, its height exceeding 88m. The Seraya tree bears fruit every 5 to 10 years. We like these attributes as metaphors for what we want to do. We'll nurture our investments through thick and thin and we're in it for the long haul. We just changed the first letter to an X, and Xeraya was born.
We know about Life Sciences. Startups in the Life Sciences need agile, capital support in the form of private equity and venture capital. So we started thinking about a way to fulfil those needs. Under Khazanah Nasional Berhad
, the seeds were planted for Xeraya.
The idea was simple: Create a firm focused on bringing Life Sciences breakthroughs to humanity. The firm would have a three-pronged vision: react quickly to opportunities, take a long-term view on investments, and ensure portfolio companies make a difference in the lives of Malaysians and people around the world.
Co-Manager of Malaysian Life Sciences Capital Fund
The Malaysian Life Sciences Capital Fund (MLSCF) specializes in early stage investments in
the agriculture, industrial and healthcare biotechnology. Xeraya is now a co-manager of the
fund, a role we took on from the Malaysian Technology Development Corporation (MTDC).
The fund was founded in late 2006 and currently has over USD160 million in committed
capital. MLSCF invests in leading, privately held, Malaysian-centric Life Science companies
with the twin objectives of superior financial results and advancing the life science eco system
in and for the country of Malaysia.
Putting the team together and getting to work
With Khazanah as a starting point, we assembled a team
of investment and business professionals with decades of experience in Life Sciences. We are managing a broad portfolio of investments
and are actively pursuing and evaluating additional investments.
We're excited about the journey we're on. And we're looking forward to spawning life-changing developments.