Malaysia $34 Billion Public Service Retirement Fund KWAP Launches $106 Million Fund to Invest in Startups & Venture Capital Funds, MYR 500 Million Dan
Kuala Lumpur, Malaysia Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more Caproasia Access | Events | Summits | Register Events | The Financial Centre The 2023 Investment Day | 2023 Family Office Summits | Family Office Circle This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion. 
Malaysia $34 Billion Public Service Retirement Fund KWAP Launches $106 Million Fund to Invest in Startups & Venture Capital Funds, MYR 500 Million Dana Perintis Fund with 50% to be Invested in Startups & 50% in 10 Venture Capital Funds 23rd September 2023 | Hong Kong
Malaysia $34 billion public service retirement fund KWAP (Kumpulan Wang Persaraan) has launched a $106 million fund (MYR 500 million) to invest in startups & venture capital funds, named Dana Perintis fund with 50% to be invested in startups and 50% in 10 venture capital funds. More info below:
“ Malaysia $34 Billion Public Service Retirement Fund KWAP Launches $106 Million Fund to Invest in Startups & Venture Capital Funds, MYR 500 Million Dana Perintis Fund with 50% to be Invested in Startups & 50% in 10 Venture Capital Funds “
- Article continues below - Quick Links, Ads & Announcements Caproasia Access | Events | Summits | Register Events | The Financial Centre The 2023 Investment Day | 2023 Family Office Summits | Family Office Circle Sign Up Basic Member: $5 Monthly | $60 Yearly Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680) The 2023 Investment Day | 5/9 HK & 12/9 SG Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 5th Sept 2023 in Hong Kong, 12th Sept 2023 in Singapore. Visit | Register here The 2023 Family Office Summit | 25/10 HK & 7/11 SG Join 100+ single family offices & family office professionals in Hong Kong & Singapore Links: 2023 Family Office Summit | Register here
Encik Hazman Hilmi Sallahuddin, Chief Investment Officer of KWAP: “KWAP recognises the potential for innovation and growth within Malaysia’s venture ecosystem. We are proud to introduce Dana Perintis, an initiative that also serves as a testament to our commitment to enhance the growth of Malaysia’s startup industry. With Dana Perintis, we are not just investing financial capital, but also putting in our expertise, resources, and commitment to seeing these Malaysian startups succeed on a global stage, especially with the ones we are directly involved in. We are dedicated to empowering startups and SMEs, supporting employment, and nurturing innovation. In realising these visions, KWAP has already identified several potential startups to invest in, which currently employ more than 1,000 Malaysians from different backgrounds.”
Malaysia $34 Billion Public Service Retirement Fund KWAP Launches $106 Million Fund to Invest in Startups & Venture Capital Funds
Kuala Lumpur, Malaysia 21st September 2023 – Kumpulan Wang Persaraan (Diperbadankan) [KWAP] announced today the launch of Dana Perintis, aimed at injecting vitality into Malaysia’s venture and startup ecosystem. With a commitment to invest up to RM500 million over the next 18 to 24 months, KWAP is set to empower early-stage companies, drive innovation, and support economic resilience.
Launched by YB Tuan Mohd Rafizi Ramli, Minister of Economy at KWAP’s office earlier today, Dana Perintis encompasses two strategic pillars: investments into selected Malaysia-focused Venture Capital (VC) funds and direct investments into early-stage companies. With an allocation of RM250 million for each pillar, KWAP’s initiative aims to accelerate growth within the Malaysian entrepreneurial landscape in line with KWAP’s sustainability commitment as a signatory of the UN Principles for Responsible Investment (PRI).
As one of Malaysia’s prominent investors, KWAP seeks to play a pivotal role in steering the nation toward a flourishing early-stage ecosystem. By strategically investing and addressing critical gaps, KWAP aims to propel the growth trajectory of the startup landscape, reaping attractive risk-adjusted returns for its stakeholders.
A substantial portion of up to RM250 million will be directed towards investing in VC funds with exposure focusing on Malaysia. This approach aligns with KWAP’s endeavour to support the development of a self-sustaining venture ecosystem. These VC funds serve as dynamic catalysts, nurturing innovative startups by providing essential capital and guidance. KWAP’s strategic investments will span the spectrum of the startup journey—ranging from accelerators to growth managers—contributing to the maturation of the overall Malaysian venture space. In parallel to the fund investments, another RM250 million will be committed towards direct investments into promising early-stage companies. This commitment echoes KWAP’s intention to nurture startups through growth and expansion stages.
The launch of Dana Perintis is aligned with the Economy Madani initiative and reflects KWAP’s focus on empowering SMEs for expansion, fostering economic growth and contributing to Malaysia’s entrepreneurial future.
As KWAP implements this initiative, it remains conscious of its role and commitment to the pensioners who are its primary stakeholders, to spur the growth of the pension fund and enabling KWAP to fulfil its role in line with its tagline: ‘Your Retirement Companion’.
About Kumpulan Wang Persaraan (Diperbadankan)
Kumpulan Wang Persaraan (Diperbadankan) [KWAP] or the Retirement Fund (Incorporated) was established on 1st March 2007 under the Retirement Fund Act 2007 (Act 662) replacing the repealed Pensions Trust Fund Act 1991 (Act 454). KWAP manages contributions from the federal government and relevant agencies made into the Retirement Fund [Fund] to obtain optimum returns on its investments through sound management and investment of the Fund in equity, fixed-income securities, money market instruments, and other forms of investments as permitted under the Retirement Fund Act 2007 (Act 662). The Fund shall be applied towards assisting the Federal Government in financing its pension duties. In 2015, KWAP was officially appointed as an agent of the Federal Government for the purpose of pension payment, gratuity, or other benefits granted under any written law from the Consolidated Fund as agreed between the Federal Government and KWAP.
Managing $20 million to $3 billion. Investing $3 million to $300 million. For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm. Join Events & Find Services Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more. List hard-to-find financial & private wealth services. Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected] Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Quick Links Caproasia Access | Events | Summits | Register Events | The Financial Centre The 2023 Investment Day | 2023 Family Office Summits | Family Office Circle 2021 Data Release 2020 List of Private Banks in Hong Kong2020 List of Private Banks in Singapore 2020 Top 10 Largest Family Office2020 Top 10 Largest Multi-Family Offices2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM For Investors | Professionals | Executives Latest data, reports, insights, news, events & programs Everyday at 2 pm Direct to your inbox Save 2 to 8 hours per week. Organised for success Register Below For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors Get Ahead in 60 Seconds. Join 10,000 + Save 2 to 8 hours weekly. Organised for Success. Sign Up / Register You are:
InvestorProfessionalFamily OfficeExecutive
Select:
SubscriptionMembershipEvents
Interests / Events / Summits / Roundtables / Networking:
Professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights
Your Name*
Company*
Job Title*
Email 1 (Work / Personal)*
Email 2 (Work / Personal)
Country
New to Caproasia Learn More | Sign Up | Subscribe | Register Events Caproasia Users - Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
- Professional Investor
- Family Office
- HNW Partnership
- Family Office Circle
- Family Office Networking
- Family Office Roundtable
- The Family Office Summit
- 28th March 2023 - Hong Kong
- 4th April 2023 - Singapore
- April 2023 - Virtual
- 6th June 2023 - Hong Kong
- 13th June 2023 - Singapore
- Sept 2023 - Hong Kong
- Oct 2023 - Singapore
- Oct 2023 - Hong Kong
- Visit: The Investment Day | Register: Click here
- The Investment Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
Owl Media Group takes pride in providing social-first platforms which equally benefit and facilitate engagement between businesses and consumers and creating much-needed balance to make conducting business, easier, safer, faster and better. The vision behind every platform in the Owl Media suite is to make lives better and foster a healthy environment in which parties can conduct business efficiently. Facilitating free and fair business relationships is crucial for any thriving economy and Owl Media bridges the gap and open doors for transparent and successful transacting. No advertising funds influence the functionality of our media platforms because we value authenticity and never compromise on quality no matter how lucrative the offers from advertisers may seem.