MALAYSIA: Pension fund, Kumpulan Wang Persaraan (KWAP), shortlisted 12 global general partners from over 40 submissions to manage RM6 billion (US$1.42 billion) across both conventional and Shariah compliant funds. Announced in May 2024, this Dana Pemacu initiative will channel funds into three key asset classes of PE, infrastructure and real estate. The shortlisted firms are:
- PE: Investcorp, Navis Capital Partners, Nexus Point and The Vistria Group;
- Infrastructure: Climate Fund Managers, DigitalBridge, I Squared Capital and Seraya Partners; and
- Real estate: Castleforge Partners, Lendlease Investment Management, Savills Investment Management and TrustCapital Advisors Investment Management.
Separately, sovereign fund Khazanah Nasional appointed five firms via Jelawang Capital
to strengthen local fund manager capabilities and bring global VC expertise into Malaysia. The three local VCs appointed are Vynn Capital, Kairous Capital and First Move, while the two foreign VCs are AppWorks and Granite Asia.
Operating as a national fund-of-funds, Jelawang Capital does not invest directly but supports fund managers who adhere to an exclusion list aligned with ethical considerations – including select sectors that may not meet Shariah friendly expectations – and will work with fund managers to support compliance requirements where appropriate.
