KWAP selects 12 global partners for RM6b Dana Pemacu fund
The fund will focus on private equity, infrastructure, and real estate, supporting key sectors like food security, healthcare, and digital economy under the MADANI Economy framework.
Launched in May 2024, Dana Pemacu aims to drive Malaysia's economic transformation through strategic investments.
The co-general partner (Co-GP) model pairs global investment managers with local talent, enhancing Malaysia's private market ecosystem.
Selected GPs for private equity include Investcorp, Navis Capital Partners, Nexus Point, and The Vistria Group.
Infrastructure mandates go to Climate Fund Managers, DigitalBridge, I Squared Capital, and Seraya Partners. Real estate partners are Castleforge Partners Limited, Lendlease Investment Management, Savills Investment Management, and TrustCapital Advisors.
KWAP CEO Datuk Nik Amlizan Mohamed noted strong interest from global GPs, with over 40 submissions reviewed. The final 12 were chosen for their proven track records in investment management.
Most of KWAP's investments under Dana Pemacu will be deployed domestically, with a focus on Shariah-compliant opportunities.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
an hour ago
- The Star
Asean News Headlines at 10pm on Thursday (July 3, 2025)
Malaysia * MACC nabs 'Datuk' for allegedly laundering millions of ringgit * Tengku Permaisuri Selangor launches 'Raja Muda Nala', Navy's second LCS * Temple with a tragic dark past * MACC nabs senior GLC manager in Sabah over alleged bribery * Hasnah Mohammed Hashim steps up as acting Chief Justice * Police extend remand of university student murder suspects * Sabah aims for 100% local hiring in oil and gas sector * Country borders must be further strengthened, vaping should be banned nationwide, says Sultan Abdullah * Sabah MACC offers cash rewards to civil servants for reporting graft * Abang Iskandar bids farewell as Court of Appeal president, leaves legacy of justice * Sabah looks beyond royalties to boost oil gains * Lorry driver claims trial to sexually assaulting 12-year-old daughter * Cycling coach charged with physical sexual assault of teenage cyclist * Bukit Aman takes over Perak murder case after cops find organised crime links * Maybank wins multiple top honours at FinanceAsia Awards 2025 * S'gor MB: 212 witness statements recorded in gas pipeline probe * Perhentian boat capsize: Skipper pleads guilty to drug abuse * University of Hong Kong scientists explore growing organs with 3D printing tech * Fashion designer Jovian Mandagie declared bankrupt * Jalan Masjid India sinkhole report to be presented to Cabinet by year-end * Sabah STAR reaffirms commitment to GRS, denies exit rumours * Man charged with murdering housemate * Commotion in Sepang court as murder victim's relative tries to confront suspect * Sure or not: Penang rebukes tourism survey, cites official hotel data to prove it has more tourist... * Short-staffed restauranters urge govt to expedite intake of foreign workers * Penang open to adjusting land reclamation project near Karpal Singh Drive * No promotions for obese MACC officers, personnel from Jan 2026, says Azam Baki * Bus crashes on PLUS highway near Batu Pahat, two killed * Economy Ministry to ensure 13MP in line with Madani Economy framework * Cops unearth over RM5mil worth of drugs hidden in pile of cow dung * K'tan federal govt department director to be charged with abuse of power, corruption, says Azam * GOF busts illegal Gua Musang gold mine, RM1mil in assets seized * Sabah GOF seizes over RM200mil worth of smuggled goods in first six months of 2025 * Gerik bus tragedy: Victims, next of kin told to contact APAD to coordinate insurance claims * Highway graft probe: 61 witnesses called up so far, says Azam Baki Singapore * No train service across Singapore's entire Bukit Panjang LRT line due to power fault * Singapore's Wong urges restraint in Thai-Cambodia border dispute * Jail for Singapore 'sugar daddy' who gave minor cash for sex, threatened to post her explicit videos online * Train service resumes across Bukit Panjang LRT line after power fault led to three-hour disruption * S$1.46bil nickel-trading scam: Ng Yu Zhi's bid for bail midway through trial denied by Singapore High Court * Electrician who bit off part of coworker's ear during fight in Singapore gets six months' jail * Singapore's DPM Gan warns firms that US tariffs may stay after Trump * Singapore ruling party slams Opposition leader Pritam Singh's interview with Malaysian podcast Indonesia * Four dead, 38 missing after ferry sinks near Bali, agency says * Prabowo's inner circle sets up think-tank to help businesses navigate Indonesia's bureaucracy * Indonesia free meal plan stunted by delays, protests, poisonings * Indonesia rescuers find 31 survivors, in ongoing search after ferry sinks near Bali * Surabaya kicks off nighttime curfew sweeps for children * Indonesia races to find missing after ferry sinks near Bali, killing five * Indonesia says it will sign US$34bil pact with US partners ahead of tariff talks deadline * Indonesia rescuers searching for 29 missing people after ferry sinks near Bali Thailand * Business as usual in Bangkok * Acting PM holds office for a day * Royal Thai Army plays down Google Maps showing Prasat Ta Muen Thom as being in Cambodia * Suspended Thai leader Paetongtarn sworn in as Minister in new cabinet lineup * Thai opposition to hold off on no-confidence vote against government * Thailand gets third PM this week as new cabinet is sworn in * Opposition parties demand Thai government withdraw casino-legalising bill * Thai drama fans go into a frenzy as C-drama star Chen Zheyuan arrives in Bangkok for iQIYI meet and greet and Starship Project events * Neglected boy, eight, raised by dogs in Thailand 'didn't speak, just barked' * Thai Acting PM Phumtham confirms authority to dissolve parliament, but no concrete discussions yet Philippines * OIC calls on Muslim states to aid Bangsamoro Autonomous Region in the Philippines * Lea Salonga to receive her Walk of Fame star in Hollywood * Filipino-American official sues Trump administration for sharing health data with ICE * Philippines' President Marcos won't favour businessman, actress in missing cockfighting enthusiasts case: palace official Vietnam * Trump says he will put 20% tariff on Vietnam's exports * Vietnamese drug traffickers get death penalty for using police car * Vietnam and US reach agreement on trade deal * US-Vietnam trade deal sows new China uncertainty * 78 Vietnamese citizens safely evacuated from Israel, Iran Myanmar * Indonesian influencer given seven-year Myanmar prison sentence * 5.6 magnitude earthquake strikes Fiji, tremors felt across South-East Asia * Myanmar military fighter jet goes missing during training flight Cambodia * A long and winding trail of tensions * 'NoDrug app' delivers nearly 300 tip-offs to Cambodian police in June Laos * South Korea supports Laos in enhancing aviation safety * Flood warning issued for Xong and Namxan river areas in Laos Brunei * Brunei Crown Prince graces CIPTA Award ceremony * Brunei Court of Appeal backdates jail sentence for repeat housebreaker * Malaysian fined over illegal cigarette possession at Sg Tujoh checkpoint in Brunei Aseanplus * In the spirit of Nusantara, Marsha Milan, the music queen of Borneo, celebrates her new album with a free listening party with fans * Over RM8bil in investments secured during Anwar's Rome visit * Malaysia succeeds in attracting RM8.13bil potential investments from Italy * Anwar meets Italian PM Meloni, discusses enhancing cooperation in various sectors * Anwar wraps up Italy visit with meeting with PM Giorgia Meloni * Thomas Cup hero Soon Kit returns to coaching in Europe * Cool ideas to beat the heat * Dalai Lama to have successor after death * Govt beefs up 'megaquake' preparedness plan to mitigate deaths * No end in sight yet to deadly deluge * Big things soon as all of BTS returns * Local actress Bella Astillah joins birthday celebration for Syed Saddiq's older brother * 2 Malaysian bars listed among Asia's 100 best, in 50 Best extended list * Ringgit rises as traders turn cautious ahead of US tariff move * FBM KLCI slips on early profit-taking; TNB drags index after RM1.25bil tax ruling * Airbus to sell more A330neo jets to Malaysia Airlines, sources say — Reuters * Hong Kong proposes legal recognition for same-sex couples registered overseas * Hiroshima mayor urges Trump visit after A-bomb comments * 'Squid Game 3' originally had happy ending: Director Hwang Dong-hyuk * Beijing braces for US trade deals that aim to shut out China * Asian stocks mixed as traders shrug at US-Vietnam trade deal * China's services activity growth hits 9-month low in June, shows Caixin PMI * Huawei to open-source self-developed programming language Cangjie * AI-driven human trafficking scams from South-East Asia spreading globally: Interpol * Over 5,000 police personnel on duty for Asean Foreign Ministers' Meeting from July 8 to 11 * Outrage as Korean cabby uses translate app to ask Thai tourist to 'pay with body' * Australia says US missile purchase shows commitment to defence spending * Theme parks in Japan take measures to keep visitors cool amid intense heat * Bangladesh tribunal sentences Hasina to jail for contempt over a claim she had a licence to kill * Profit-taking keeps FBM KLCI in the red * Gorgeous KL eatery Oolam captures the soul of South-East Asian flavours * Hong Kong retailers under strain as changing trends drive store closures * Hindu pilgrimage begins from site of deadly Kashmir attack amid tight security * Honor looks to outshine Samsung with extremely thin foldable phone * Three Indians seized in Mali during militant attacks * South Korea parliament approves president's nominee for PM Kim Min-seok * 'Best Cantonese dish I've had in decades': HK actor Alfred Cheung praises Ipoh hor fun * Pakistan-US trade talks in final stretch * South Korea's parliament passes revision to rules governing martial law * Ice Top: A cultural voice reaching Mongolians in the US * China, Russia to sign SEANWFZ treaty, US reviewing: Mohamad * K-idol Shim Jaehyun dies at 23 after leukemia battle * Australian man dies from 'extremely rare' bat bite virus * New Zealand's South Island braces for further heavy rains, some homes evacuated * Bangladesh student jailed, hair cut off for 'criticising July uprising' on Facebook * Anwar to spend two days in Paris on inaugural visit as PM * Indonesians in Johor bus crash had just landed at KLIA * Hong Kong teen dies on 5,276-metre peak in Sichuan province * Hong Kong to tighten prison rules, citing national security * India says successor to 14th Dalai Lama can only be chosen by established conventions * Lee Jae Myung pledges to rebuild inter-Korean ties based on strong cooperation with United States * Ringgit ends higher on regional trade optimism * Chinese martial arts star Vincent Zhao shares rare family photos, 17YO daughter stuns netizens with good looks * Young golf star Mirabel takes bold move to turn professional * India captain Gill piles on the runs against England in second Test; Jadeja misses centutry * Manga doomsday prediction spooks tourists to Japan * China mostly unscathed by turbulent 6 months, but 2025 still an uphill climb * US job growth beats expectations in June, unemployment rate dips to 4.1% * HK actor Ai Wai bids final farewell to late wife, scatters her ashes at sea * Motor racing-Mayer set to stand against Ben Sulayem for FIA presidency * Uncertified power banks banned on flights: Chinese aviation regulator * Japan urges evacuation of small island as 1,000 quakes hit region
The Star
8 hours ago
- The Star
South Korea supports Laos in enhancing aviation safety
Lao and Korean officials posing for a group photo at the seminar in Vientiane on July 1, 2025. - VT VIENTIANE: The second phase of the Knowledge Sharing Programme (KSP) titled 'Luang Prabang International Airport aviation operation system improvement project' was officially launched at a seminar held in Vientiane on Tuesday (July 1). The project aims to strengthen Laos' aviation safety inspection system and build long-term capacity for aviation professionals in line with international standards. The seminar was co-chaired by KSP senior advisor, former vice minister of the Ministry of Land, Infrastructure and Transport of the Republic of Korea, Kim Jeong Ryeol, and Director General of the Department of Civil Aviation at Laos' Ministry of Public Works and Transport, Mr Khamla Phommavanh. The event was attended by senior officials from both nations, including the Director General of Kotra Vientiane, Park Jungwe; Luang Prabang International Airport operations team; and representatives from the Ministry of Finance's Department of International Cooperation and Department of Investment Promotion. The new phase builds on the success of Phase I of the Knowledge Sharing Programme which took place in 2023-2024 and was titled 'Luang Prabang International Airport airspace and flight procedure improvement', ending in September 2024. That phase focused on redesigning airspace and flight procedures in the Luang Prabang Terminal Manoeuvring Area (TMA), delivering training, and initiating projects to boost institutional cooperation and technical expertise. Phase 2 now focuses on strengthening institutional capacity by establishing an aviation safety inspector training system. The initiative seeks to develop an ICAO-compliant curriculum and instructional materials, laying a foundation for the long-term development of skilled aviation professionals in Laos. The project is especially timely as the Lao Department of Civil Aviation prepares for the ICAO Universal Safety Oversight Audit Programme (USOAP) in 2026. In his opening remarks, Kim Jeong Ryeol stressed the importance of aviation infrastructure as a driver of economic growth and global connectivity. He noted that strong safety systems are key to supporting tourism, trade, and foreign investment. Director General of the Department of Civil Aviation, Khamla Phommavanh, said Korea is internationally known for its advanced aviation sector. 'Learning from Korea is the right direction for Laos. The upcoming ICAO audit highlights the urgent need for qualified aviation inspectors, and this project directly addresses that need.' Korea Aerospace University (KAU) was selected as the implementing agency for the project. During the seminar, KAU presented the inception plan and implementation strategy. The Department of Civil Aviation also provided an update on the current status of Laos' aviation operations, including regulatory frameworks and challenges. Funded by the Ministry of Economy and Finance of the Republic of Korea and coordinated by Kotra, the Knowledge Sharing Programme is Korea's flagship policy consultation and development cooperation programme. It supports the transfer of Korea's development experience and institutional knowledge to partner countries, with an emphasis on sustainability and capacity building. The 2024-2025 KSP project is set to conclude by the end of the year and is expected to deliver practical outcomes, particularly in strengthening the training curriculum and preparing the Lao aviation sector for improved safety audits. This initiative marks a milestone in Korea-Laos cooperation and reflects the shared commitment of both countries to building a safe, sustainable, and internationally aligned aviation system. - Vientiane Times/ANN
The Sun
14 hours ago
- The Sun
Engineer denies soliciting RM13k bribe in Butterworth court case
BUTTERWORTH: An engineer has pleaded not guilty to soliciting a RM13,000 bribe from a company director in a case linked to procurement approvals. Mohamed Rizal Salim, 40, denied the charge during his Sessions Court hearing before Judge Zulhazmi Abdullah. The prosecution alleged that Rizal, then a Grade J41 civil engineer at the Department of Irrigation and Drainage (DID), sought the bribe from HHSB Enterprise director Toh Kean Hin in March 2022. The money was reportedly an inducement to approve procurement works for the company. The offence allegedly occurred at the DID Barat Daya District Engineer's Office. Rizal faces charges under Section 16(a)(B) of the MACC Act 2009, which carries a maximum penalty of 20 years' jail and a fine of five times the bribe amount or RM10,000, whichever is higher. Deputy public prosecutor Noor Azura Zulkiflee proposed bail at RM15,000, but the defence argued for a lower sum. Defence counsel Aqmarul Aqil Ismail highlighted Rizal's financial struggles, stating his client supports his wife and four children on a RM6,000 monthly salary while covering rent for two homes, including one for his ailing mother. The court granted bail at RM10,000 with conditions, including monthly MACC reporting and passport surrender. The next mention is set for August 8.
