KUALA LUMPUR: The Retirement Fund Inc (KWAP) today announced the shortlisted 12 global general partners (GPs) with an allocation of RM6 billion across both conventional and Shariah-compliant funds under the Dana Pemacu initiative.
In a statement, KWAP said the funds will be channelled into three key asset classes, namely private equity, infrastructure, and real estate, targeting key economic sectors including food security, education, silver economy and healthcare, energy transition, digital economy, financial inclusion and other critical priorities under the MADANI Economy framework.
It said Dana Pemacu, launched in May 2024, plays a pivotal role in advancing Malaysia’s economic transformation by strategically deploying diversified and commercially viable investments to enhance the value and impact of government-linked investment company investments.
"By adopting a co-general partner (Co-GP) model, which pairs global investment managers with local talent, Dana Pemacu strengthens Malaysia’s private market ecosystem, driving sustainable growth, enhancing domestic capacity, and bringing global expertise to the local market while fostering economic resilience across key sectors,” said KWAP.
It said that for private equity, Investcorp, Navis Capital Partners, Nexus Point, and The Vistria Group are the selected GPs, and as for infrastructure, the mandate is allocated to Climate Fund Managers, DigitalBridge, I Squared Capital, and Seraya Partners.
"Under the real estate mandate, the GPs are Castleforge Partners Limited, Lendlease Investment Management Pte Ltd, Savills Investment Management, and TrustCapital Advisors Investment Management Pte Ltd.
"As part of the Co-GP model under Dana Pemacu, all global GPs have also finalised the selection of local partners pursuant to their thorough assessment process and are currently undergoing the necessary regulatory approvals,” it said.
Chief executive officer Datuk Nik Amlizan Mohamed said KWAP received positive interest from global GPs since the launch of Dana Pemacu, with more than 40 submissions obtained for consideration.
"Following rigorous evaluation and due diligence processes, KWAP has shortlisted these 12 global GPs that would further contribute meaningfully to Malaysia’s private market ecosystem.
"KWAP recognises the strengths of the selected global GPs as they have proven track records and experience in managing investments and driving performance,” she said.
Aligned with KWAP’s objective to support the domestic economy, the majority of KWAP’s total investment under Dana Pemacu will be deployed in Malaysia, and in Shariah-compliant opportunities. - Bernama
