GLICs pursue alternative investments

Brahmal: Both the EPF and Permodalan Nasional Bhd have a well-established PE programme with a dedicated team.

OVER the last few years, government-linked investment companies (GLICs) have been investing more into alternative assets with the intention of increasing their returns.

The Employees Provident Fund (EPF), for example, has said it aims to venture more into the private equity (PE) space, and targets to raise the PE allocation of its total strategic asset allocation to above 3% from 2% in 2018.