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Employees Provident Fund of Malaysia approves $600m in commitments

The Malaysian pension fund has backed three private equity direct/co-investment separate managed account funds.

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Institution: Employees Provident Fund of Malaysia
Headquarters: Kuala Lumpur, Malaysia
AUM: M$998 billion

The Employees Provident Fund of Malaysia has approved $600 million-worth of private equity commitments. The commitments comprised of $200 million each to three separate managed accounts to be managed by BlackRock, HarbourVest Partners and Partners Group. The funds have a global mandate that focuses on direct and co-investment strategies into growth and buyout transactions which are Shariah-compliant.

As illustrated below, the Malaysian pension’s recent private equity commitments have been made to funds that focus on buyout/corporate private equity, venture capital/growth equity and co-investment strategies across diversified sectors in Asia-Pacific.

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