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EPF’s hunt for VC alpha

Two SMAs. Real money. More than paper gains?

Oct 18, 2025
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And here’s your Saturday read.

This continues from yesterday’s short on government-linked investment companies and their VC investments.

A hard look at soft capital

A hard look at soft capital

Emmanuel Samarathisa
·
Oct 17
Read full story

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Today’s newsletter zeroes in on the Employees Provident Fund (EPF) and its VC overtures.

Around 2022-2023, the pensions fund hired two Kuala Lumpur-based managers — 500 and Gobi Partners — to run separately managed accounts (SMAs).

I’ll break down the investments and the money deployed and wrap up with a few notes.

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