PE picks and big gigs for consultants
KWAP reveals its dance partners. A consultancy eyes AI action plan.
Two quick newsbreaks today: KWAP’s local picks for its private equity push, and the National AI Office’s (NAIO) likely choice of consultant for its AI plan.
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Retirement Fund Inc (KWAP) on Monday confirmed the four overseas private equity firms awarded mandates under its Dana Pemacu programme: Nexus Point, Vistria, Investcorp and Navis Capital Partners1.
I previously reported this, so it’s kinda nice to have a scoop confirm itself.
(Sources, you rawk!)
Launched in May 2024, Dana Pemacu is KWAP’s flagship initiative to grow Malaysia’s private markets by pairing international fund managers with local partners.
It aims to deploy RM6 billion across private equity, real estate, and infrastructure, with a focus on shariah-compliant investments in sectors like healthcare, energy transition, food security and digitalisation.
But the local co-managers were not disclosed in KWAP’s statement. The fund cited regulatory approvals.
That’s where I come in — at least on the PE side — with the names of those who survived KWAP’s version of The Bachelorette (to quote an acquaintance).