Malaysian EPF to raise PE allocation

Malaysia’s Employees Provident Fund (EPF) is increasing its exposure to private equity investment, according to the EPF chairman’s sayings.

EPF allocates two percent of its overall MYR813.1 billion ($196.3 billion; €169.6 billion; £150.5 billion) assets to private equity but targets to increase its allocation to above three percent over the next 10 years. It also eyes technology sector in its private equity investment.

Platinum subscribers may click here for the Malaysian EPF’s full profile, including key contacts, allocation strategy and fund investments.