KWAP Launches RM500 Million Fund To Invest In Venture Capitals, Startups
Author Avatar
(Image: Utusan Malaysia)

Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has launched a new fund called Dana Perintis, which will be used to boost Malaysia’s venture and startup ecosystem. The fund – which has a total allocation of RM500 million – will be utilised equally for two purposes, namely investing into selected venture capital (VC) funds with exposure focusing on Malaysia, as well as direct investments into early-stage companies.

Specifically, the move to invest in VC funds is in line with KWAP’s endeavour to support a self-sustaining venture ecosystem in Malaysia, where the VC funds will become catalysts that go on to nurture innovative startups with essential capital and guidance. The RM250 million allocated for this purpose will span the spectrum of the startup journey, ranging from accelerators to growth managers.

Meanwhile, the remaining RM250 million will be set aside for direct investments into early-stage companies that show promise. This aligns with KWAP’s commitment to nurture startups through growth and expansion stages.

(Image: NSTP/Aizuddin Saad)

“We are proud to introduce Dana Perintis, an initiative that also serves as a testament to our commitment to enhance the growth of Malaysia’s startup industry. With Dana Perintis, we are not just investing financial capital, but also putting in our expertise, resources, and commitment to seeing these Malaysian startups succeed on a global stage, especially with the ones we are directly involved in,” said the chief investment officer of KWAP, Hazman Hilmi Sallahuddin, who added that Dana Perintis will also support KWAP’s sustainability commitment as a signatory of the UN Principles for Responsible Investment (PRI).

Hazman further noted that KWAP has already identified several potential startups to invest in, which currently employ more than 1,000 Malaysians from different backgrounds.

Finally, KWAP reassured that even as it proceeds with the implementation of this initiative, it will remain faithful to its role and commitment to the pensioners who are its primary stakeholders, and strive to spur the growth of the pension fund responsibly.

0 0 votes
Article Rating


Comments (0)

Notify of

Inline Feedbacks
View all comments
Top Investment Articles
Post Image
Historical EPF Dividend Rates
- 6th March 2023
Ever wondered how this year's EPF dividend rate compares to previous years? We got you covered with our historical 11-year chart!
Post Image
How Much Can You Earn Via The 4% Bonus Return Campaign On TNG GO+?
Alex Cheong Pui Yin
- 11th November 2021
Last week, Touch ‘n Go (TNG) eWallet rolled out a Bonus Return campaign under its GO+ investment feature, […]
Post Image
You Can Now Redeem Your ASNB Units Online Via myASNB
Jacie Tan
- 20th April 2020
Starting today, Amanah Saham Nasional Berhad (ASNB) unit holders can redeem their ASNB units online via the myASNB […]
Post Image
Active Cryptocurrency Traders Are Required To Declare Their Gains For Income Tax
Alex Cheong Pui Yin
- 6th January 2021
The Inland Revenue Board (LHDN) has clarified that cryptocurrency investors who actively trade their assets at the digital […]

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image