SINGAPORE (Reuters) -Kumpulan Wang Persaraan’s Chief Investment Officer Hazman Hilmi Sallahuddin said the Malaysian pension fund is looking to increase its private market exposure to 30% from 20% in the next five years.
Hazman, who spoke at the Milken Institute Asia Summit 2025 in Singapore, noted that the fund’s allocation to private markets has increased from 10% four years ago. Currently, 40% of its private markets exposure is in buyout strategies, while 30% is in secondaries, 20% is in growth and 10% is in venture capital.
He added that the fund sees opportunities to help the Malaysian private markets ecosystem mature.
The fund has created 12 co-general funds that collaborate with global and local general partners, which are mandated to invest at least 40% of their portfolios in Malaysia.
“This is part of our efforts to develop the ecosystem in Southeast Asia,” he said.
(Reporting by Jun Yuan Yong; Editing by Tom Hogue and Sonia Cheema)
