Kumpulan Wang Persaraan (KWAP) has officially appointed 12 international General Partners (GPs) to manage RM6 billion under the Dana Pemacu initiative, which targets strategic investments across private equity, infrastructure, and real estate.
Introduced in May 2024, Dana Pemacu is a key pillar under the Government’s GEAR-uP initiative and the Ekonomi MADANI framework, designed to accelerate Malaysia’s economic transformation. The fund places emphasis on sectors with high national impact, including financial inclusion, food security, education, the silver economy, healthcare, energy transition, the digital economy, and other sustainability-driven themes.
KWAP confirmed that a significant portion of the RM6 billion will be channelled into Shariah-compliant investments, while the remainder will be allocated internationally to ensure sustainable, risk-adjusted returns.
Among those selected in the private equity category are Investcorp, Navis Capital Partners, Nexus Point, and The Vistria Group. For infrastructure mandates, Climate Fund Managers, DigitalBridge, I Squared Capital, and Seraya Partners have been appointed. Meanwhile, Castleforge Partners Limited, Lendlease Investment Management, Savills Investment Management, and TrustCapital Advisors Investment Management will lead in the real estate segment.
The Dana Pemacu programme incorporates a co-General Partner model, aligning global fund managers with local partners to build domestic investment capabilities while introducing international expertise to Malaysia’s private market landscape. All global GPs have nominated local counterparts and are currently undergoing regulatory approvals.
KWAP Chief Executive Officer, Datuk Hajah Nik Amlizan Mohamed, highlighted the fund’s strong reception from international investors.
“We received positive interest from global GPs since the launch of Dana Pemacu, with over 40 submissions reviewed. Following a rigorous evaluation and due diligence process, we have identified 12 global GPs that we believe will contribute significantly to the development of Malaysia’s private market ecosystem.
KWAP recognises the strength of the selected managers, who bring proven track records and deep experience in driving investment performance,” she said.
Datuk Hajah Nik Amlizan further emphasised that most of the capital will be invested domestically, aligning with KWAP’s strategic objective to support national development while delivering long-term value.
-Fintech News
