The Retirement Fund Inc (KWAP) announced the launch of a new private capital investment fund, ‘Dana Pemacu,’ with an allocation of RM6 billion.
Targeting key economic sectors such as food security, education, the silver economy, healthcare, energy transition, the digital economy, and financial inclusion, Dana Pemacu aims to address critical impact-related themes within the MADANI economic framework.
KWAP revealed in a statement that Dana Pemacu will operate through Separately Managed Account (SMA) funds. This initiative will involve collaboration with local talents and top international investment managers across three asset classes: private equity, infrastructure, and real estate.
The RM6 billion commitment will be invested through both conventional and shariah-compliant SMAs, with 50% dedicated to shariah-focused investments. This approach aims to leverage Islamic equity capital to enhance shariah-compliant investment opportunities and promote ethical and socially responsible investing in the private markets.
Prime Minister Datuk Seri Anwar Ibrahim, speaking at the Global Forum on Islamic Economics and Finance earlier today, disclosed that KWAP plans to allocate RM3 billion to shariah-compliant investments, making up half of Dana Pemacu’s total capital commitment.
KWAP’s Chief Executive Officer, Datuk Nik Amlizan Mohamed, emphasized the importance of Dana Pemacu for national growth and progress. She explained that the investment strategy involves partnerships between local talents and international fund managers to stimulate the private market investment ecosystem in Malaysia.
“This initiative will integrate global best practices and expertise into the local market, fostering knowledge transfer and industry networking, thereby enhancing local talent,” she stated.
“Through this newly launched capital investment, we aim to support local companies in scaling both domestically and internationally via conventional and shariah-compliant channels. Ultimately, this will strengthen financial markets and boost local talent development in Malaysia,” she added.
KWAP is committed to achieving optimal returns through Dana Pemacu to assist the Federal Government in financing its pension liabilities.
