How KWAP is teaming up with foreign players to drive Malaysian PE

Malaysia’s public pension fund is advancing the government's goal to expand the local private equity ecosystem by partnering with global asset managers and Asian asset owners.   Kumpulan Wang Persaraan (Diperbadankan), or KWAP, has received over 40 proposals from global general partners (GPs) for a RM6 billion ($1.4 billion) domestic private equity programme, launched in May. About 20% of the GPs are large players in the private equity universe, according to Hazman Hilmi Sallahudd…