Ekuinas direct Tranche 1 Fund gross returns at RM677m

KUALA LUMPUR: Ekuiti Nasional Bhd’s direct tranche 1 Fund reported a gross portfolio return of RM677.1mil with gross internal rate of return (IRR) of 19.6% for the FY14.

According to its chairman, Raja Tan Sri Arshad Raja Tun Uda, the direct tranche 2 fund reported a gross portfolio return of RM148.4mil with gross IRR of 31.9%. 

The total proceeds realised since its was set up five years ago totalled RM954.8mil. 

Ekuinas received additional funds of RM600mil last year, raising the total amount to RM3bil.

For 2014, Ekuinas invested RM605.6mil in nine direct and outsourced investments with a total of RM2.4bil in cumulative committed investments. 

"Moving forward, Ekuinas plans to consolidate its FMCG (fast moving consumer goods) segment as well as expand its oil and gas business," he said in speech presenting its annual report for FY14.

Raja Arshad said the private equity fund was also looking to expand into the healthcare sector.