EPF launches world’s first and largest Shariah PE fund of RM2.43b

Chief EPF Officer, Alizakri Alias said: “We are proud to be the first institutional investor to establish a Shariah-compliant PE direct/co-investment fund and this is the largest of its kind globally, with a global investment mandate."

KUALA LUMPUR: The Employees Provident Fund (EPF) has launched the world’s first and largest Shariah private equity (PE) fund in the world with an allocation of US$600mil or RM2.43bil.

The EPF said in the statement on Friday it will have three direct/co-investment separate managed accounts (SMA) of US$200mil each.