KWAP to invest $9bn in local private markets in next five years

Malaysia’s public pension fund will alter its 2025 strategic asset allocation, allowing it to "better execute" a commitment to investing RM40 billion ($9.3 billion) in the domestic private market, according to Hazman Hilmi Sallahuddin, CIO of Kumpulan Wang Persaraan (Diperbadankan), or KWAP. Hazman Hilmi Sallahuddin KWAP KWAP manages about $40 billion in assets, according to the CIO. In 2022, it made the decision to double its allocation to alternative assets from 10…