KARACHI: Hum Netw­ork Ltd said on Thursday its wholly owned subsidiary, Hum Network FZ LLC, has entered into an agreement with GS Group Inc as general partners (GPs) to launch and manage a fund named Pakistan Katalytic Fund (PKF) with the expected fund size of close to $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 businesses with an objective of generating target returns for investors,” it said in a regulatory filing.

The GPs will work together and pool in their respective expertise to manage the PKF and to set up fund management companies in any jurisdiction, it added.

Published in Dawn, October 21st, 2022