Newsbreak kind of Monday
Concerns and tensions continue to loom over KWAP's private equity initiative.
Today’s a filler story. But there’s a bigger piece in the works on a Malaysian fishing expedition in Indonesia that went awry. Think millions written down.
Still, someone once told me “out of sight, out of mind,” so here’s a newsbreak to hold you (and me) over.
This one’s about Retirement Fund Inc’s (KWAP) Dana Pemacu initiative. Courtesy of sources, I managed to obtain the overseas private equity firms shortlisted for the RM6 billion private equity project by the civil servants’ pensions fund.
This topic has been popping up in my newsletter from time to time and, as much as I want to move on, government-linked investment companies (GLICs) are just the oversized highway billboards you can’t ignore.
If you’ve driven past the North-South Expressway, you’ll know the kind of ads I’m referring to.
You’re reading a paid version of The Malaysianist, a newsletter on money and power by writer and journalist Emmanuel Samarathisa.
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I’ll cut to the chase.
Four global private equity firms have been selected for Dana Pemacu, according to sources familiar with the matter.