KWAP shortlists 12 global partners under RM6bil Dana Pemacu initiative

New Straits Times

10 hours ago

KUALA LUMPUR: Kumpulan Wang Persaraan (Diperbadankan) [KWAP] has shortlisted 12 global general partners (GPs) with an allocation of RM6 billion across both conventional and Syariah-compliant funds under the Dana Pemacu initiative.
The funds will be channelled into three key asset classes, which are private equity, infrastructure and real estate.
KWAP said in a statement that this initiative focuses on key economic sectors such as food security, education, the silver economy and healthcare, energy transition, the digital economy, financial inclusion, and other critical priorities aligned with the Ekonomi Madani framework.
Launched in May 2024, Dana Pemacu by KWAP plays a pivotal role in advancing Malaysia's economic transformation through the strategic deployment of diversified and commercially viable investments to enhance the value and impact of government-linked investment company (GLIC) investments.
By prioritising efficiency in resource allocation, this initiative focuses on driving carefully tailored investments that align with national priorities into high-growth Malaysian companies and critical sectors.
This will also support the government's reforms under the GEAR-uP initiative to "Raise the Ceiling", as part of the broader Ekonomi Madani framework.
By adopting a co-general partner (co-GP) model, which pairs global investment managers with local talent, Dana Pemacu strengthens Malaysia's private market ecosystem, driving sustainable growth, enhances domestic capacity and brings global expertise to the local market while fostering economic resilience across key sectors.
For private equity, the selected GPs are Investcorp, Navis Capital Partners, Nexus Point and The Vistria Group.
For infrastructure, the mandate is allocated to Climate Fund Managers, DigitalBridge, I Squared Capital and Seraya Partners.
Under the real estate mandate, the GPs are Castleforge Partners Limited, Lendlease Investment Management Pte Ltd, Savills Investment Management, and TrustCapital Advisors Investment Management Pte Ltd.
As part of the Co-GP model under Dana Pemacu, all global GPs have also finalised the selection of local partners pursuant to their thorough assessment process and are currently undergoing the necessary regulatory approvals.
KWAP chief executive officer Datuk Nik Amlizan Mohamed said the agency received positive interest from global GPs since the launch of Dana Pemacu, with more than 40 submissions obtained.
"Following rigorous evaluation and due diligence processes, we have shortlisted these 12 global GPs that would further contribute meaningfully to Malaysia's private market ecosystem.
"KWAP recognises the strengths of the selected global GPs, as they have a proven track record and experience in managing investments and driving performance," she said.
Aligned with KWAP's objective to support the domestic economy, the majority of KWAP's total investment under Dana Pemacu will be deployed in Malaysia and in Syariah-compliant opportunities.
As part of the diversification strategy, the remainder will be invested across international markets to generate sustainable, long-term, risk-adjusted returns.