Malaysia’s public service pension fund Kumpulan Wang Persaraan (KWAP) is targeting to amp up returns on its investments through higher allocations to private equity.
“We’re looking at a fairly aggressive timeline, at three to five years. We were mulling over almost doubling [the allocation], but we need to balance it out from a resource perspective and in terms of opportunity sets,” KWAP head of private equity Saifulbahri Hassan told DealStreetAsia in an interview.