Kumpulan Wang Persaraan (KWAP) has appointed 12 global General Partners (GPs) to manage RM6 billion under its Dana Pemacu initiative, with investments spanning private equity, infrastructure, and real estate.
Launched in May 2024, Dana Pemacu aims to support Malaysia’s economic transformation under the Ekonomi MADANI framework and the Government’s GEAR-uP initiative to “Raise the Ceiling.”
The fund will focus on key sectors including financial inclusion, food security, education, the silver economy, healthcare, energy transition, digital economy, and other impact-related themes.
The majority of the committed capital will be allocated to Shariah-compliant investments, while the remainder will be diversified across international markets to generate sustainable, risk-adjusted returns.
KWAP said the selected GPs for private equity include Investcorp, Navis Capital Partners, Nexus Point, and The Vistria Group.
For infrastructure, the mandate has been awarded to Climate Fund Managers, DigitalBridge, I Squared Capital, and Seraya Partners.
Under the real estate category, the appointed GPs are Castleforge Partners Limited, Lendlease Investment Management, Savills Investment Management, and TrustCapital Advisors Investment Management.
The initiative adopts a co-General Partner model, pairing international fund managers with local partners to enhance domestic capacity and bring global expertise into Malaysia’s private market.
All global GPs have identified their local counterparts and are currently undergoing regulatory approvals.
KWAP Chief Executive Datuk Hajah Nik Amlizan Mohamed said,
“We received positive interests from global GPs since the launch of Dana Pemacu with more than 40 submissions obtained for our consideration. 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 proven track record and experience in managing investments and driving performance.”
She also noted that most of the investment will be deployed within Malaysia, in line with KWAP’s objective to support national development while delivering long-term performance.
Featured image: Edited by Fintech News Malaysia, based on image by KWAP
