EPF earmarks M$1 billion for private equity

Malaysia''s Employees Provident Fund is looking for long-term, higher yielding investments.

Malaysia's M$240 billion $57 billion Employees Provident Fund has begun investing in domestic private equity. The country's biggest institutional investor - its assets under management are larger than Bank Negara's foreign reserves - faces a problem of long-term liabilities but a lack of long-term assets it can invest in at home.

The organization has earmarked M$1 billion $263 million for investments in private equity, says Dr. Roslan Ghaffar, deputy CEO of investments in Kuala Lumpur. However his team is unlikely to invest more than 10% of that by the end of this year.

Private equity deals in Malaysia are not $10 million to $30 million ones like...

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