Malaysia-based private equity firm Crewstone International has announced a Co-General Partnership with U.S.-based Solyco Capital, involving over US$165 million in committed capital. The partnership is designed to strengthen Crewstone’s footprint in the United States and United Kingdom, offering its international network expanded access to high-growth investment opportunities.
The strategic alliance will initially focus on two key initiatives. The first involves collaboration with the newly formed Solyco UK to create or acquire a Financial Conduct Authority (FCA)-regulated financial services firm. This move aims to open doors to the UK’s growing private investment market.
The second initiative centres on investment into Solyco’s US-based platform, including a direct stake in Solyco SPV II. This portfolio features more than 15 companies across sectors such as Artificial Intelligence, Technology, Biotech, SportTech, HealthTech, Energy, and Logistics, with an estimated valuation exceeding US$1.4 billion.
As part of the initial phase, Crewstone will raise over USD 15 million through its limited partners via a dedicated fund structure, the Solyco Capital Opportunistic Fund. These funds will be channelled into a UK-domiciled Special Purpose Vehicle (SPV) to facilitate the acquisition or creation of a regulated UK investment firm.
The SPV will also provide direct access to UK and European investments, with potential participation in government schemes such as the Enterprise Investment Scheme (EIS). Participating limited partners will have the opportunity to acquire up to 10% equity in the SPV, subject to full subscription.
Parallel to this, Crewstone is launching a broader fundraising initiative of up to USD 150 million. The effort begins with an initial USD 50 million tranche allocated to Solyco SPV II, targeting transformational sectors with long-term value creation potential. The partnership aims to position Crewstone and Solyco as leading cross-border capital partners within developed markets.
Commenting on the alliance, Datuk Izmir Mujab, CEO of Crewstone International, said, “The partnership with Solyco Capital marks a significant milestone in our expansion into the UK while reinforcing our US presence and establishing a growth platform across transformative sectors. Our combined capabilities are set to deliver long-term value to both investors and stakeholders.”
John Garcia, Founder and Managing Partner of Solyco Capital, added, “Our partnership with Crewstone is a unique and powerful fit within Solyco’s global expansion strategy. Through this alliance, Crewstone’s LPs will gain access to the distinctive value of our growing portfolio, while our companies will gain access to opportunities for global export.
“Together, Crewstone and Solyco Capital form a dynamic force of good, delivering a powerful combination of value creation, growth, and intentionally designed near- and long-term liquidity across global markets.”
