Novum Equity Partners

Managing Director Ng Mun Hon leads investment strategy and execution alongside Director Azrin Ajib. Ng brings 19 years of investment experience — 12 in direct private-market roles — most recently as Vice President of Strategic Investments at Malaysia's National Innovation Agency (per firm website). Ajib contributes operational and financial oversight from his background at Deloitte and the UK National Audit Office, plus entrepreneurial experience in halal food-tech and social-media analytics.

The firm's origination relies heavily on the principals' networks inside Malaysia's innovation ecosystem. Ng Mun Hon's prior roles at Malaysia Venture Capital Management and the National Innovation Agency — combined with Azrin Ajib's tenure at the Halal Industry Development Corporation — provide connectivity to government-linked deal flow, local corporates, and the regional startup community.

The firm is structured as a registered private equity management company that makes direct investments across venture, growth, and pre-IPO stages, along with co-investments and secondaries (per firm website). There is no public indication that it acts as a limited partner in third-party funds.

The firm explicitly includes co-investing among its strategy pillars (per firm website). No specific co-investment partners or club structures are disclosed, but the presence of co-investment as a stated mandate suggests willingness to partner on deals sourced by other managers or introduced through the principals' regional networks.

The firm does not publish a formal exclusion list. Its stated focus captures semiconductor, software, healthcare, and manufacturing — all areas Ng Mun Hon previously covered at the National Innovation Agency. Sector avoidance, if any, would likely align with Malaysia's regulatory restrictions on foreign ownership in strategic industries, though the firm has not commented publicly on exclusions.