Nazir Razak: PEP, PE, P…
Can Ikhlas Capital punch above its weight?
Occasionally, I’ll come across some hidden, lost-in-translation gems in restaurants such as this:
I do wonder what a begging entry or a salesman entry is. Then again, there’s one group of people who can probably relate to this and demonstrate such entries: the entrepreneur.
Since it’s Wednesday, I wager what could be better for a midweek read than a newsletter on a Razak?
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Nazir Razak has been making waves in the private equity arena since pivoting from banking.
His Singapore-domiciled boutique firm, Ikhlas Capital, is reportedly nearing close on its second fund at US$300 million, according to a recent DealStreetAsia report.
This time, there’s heavyweight institutional backing, including anchors like Malaysia’s Employees Provident Fund (EPF) and Retirement Fund Inc (KWAP), as well as Singapore’s Temasek, alongside family offices and high-net-worth individuals.
While the size marks a step up from Fund I, the real question lingers: can Nazir translate his storied rolodex into outsized returns?