KUALA LUMPUR: Ekuiti Nasional Bhd’s (Ekuinas) cumulative committed direct investments rose to RM4.9bil last year (FY24) from RM4.5bil a year ago, with total economic capital deployed at RM5.6bil.
In a statement yesterday, the government-linked private equity company said funds under management increased by 19% to RM5bil.
Its operating expenditure-to-funds under management ratio remained steady at 1.1%.
The private-equity company said the gross internal rate of return (GIRR) for the Ekuinas Direct Tranche IV Fund was 38.9%, while Tranche II Fund was 12%.
“Ekuinas Direct Tranche III Fund showed modest improvement with a GIRR of 1.6%. Meanwhile, our outsourced programme reported GIRRs of 3.8% for Tranche I and minus 6.9% for Tranche II,” Ekuinas said.
The earnings before interest, tax, depreciation and amortisation (Ebitda) of portfolio companies under Ekuinas Direct Funds grew by 3.3%, rebounding from a 7% contraction in 2023.
Unitar Education group recorded Ebitda of 77.2% while Medispec (M) Sdn Bhd and Exabytes Capital Group achieved 48.7% and 30.9% Ebitda growth, respectively. — Bernama
