Kumpulan Wang Persaraan (Diperbadankan) (“KWAP”), the Malaysian Government’s pension fund, has finalised 12 global General Partners (“GPs”) to manage funds across Private Equity, Infrastructure and Real Estate under the RM6.0 billion Dana Pemacu initiative. Dana Pemacu is a Malaysia-focused initiative with the majority of the committed capital earmarked for Shariah compliant investments.
 
The twelve selected GPs are as follows: 

Skrine represented KWAP for its partnership with The Vistria Group, Navis Capital Partners, Climate Fund Managers and Seraya Partners through four separately managed accounts (SMAs), together with co-counsel Stephenson Harwood, and acted as Malaysian counsel for KWAP for its partnership with Lendlease Investment Management Pte. Ltd, with Herbert Smith Freehills Kramer as fund counsel.
 
The funds will be targeted at critical economic sectors namely food security, education, silver economy, healthcare, energy transition, digital economy, financial inclusion, and impact-related themes under the Ekonomi MADANI framework. The co-general partner model aims to strengthen Malaysia’s private market ecosystem whilst ensuring global diversification for sustainable returns.
 
Our Partner, Tan Wei Xian, and Associate, Siti Sarah Iskandar, from the Corporate Practice represented KWAP in the five transactions in which our firm was involved.
 
Further details of the transaction can be accessed through the links provided below:
 
KWAP finalises 12 General Partners under Dana Pemacu’s RM6 billion fund allocation - KWAP
KWAP finalises 12 general partners under Dana Pemacu's RM6bil fund allocation | The Star
Malaysia’s KWAP picks 12 GPs for domestic-focused private markets initiative | Private Equity International
KWAP’s RM6 Billion Dana Pemacu: A Catalyst For Local Fund Managers? | BFM.my