Investcorp to manage $110m private equity mandate for Malaysia’s KWAP

Investcorp has been chosen by Kumpulan Wang Persaraan (KWAP), one of Malaysia’s largest pension funds, to manage a $110m special managed account focused on private equity. 

KWAP, with over $36bn in assets, selected Investcorp from a field of more than 100 global private equity firms.

The SMA will primarily target investments in Southeast Asia, with a smaller allocation (15-20%) directed towards opportunities in Europe. This mandate highlights Investcorp’s growing presence in Asia, where the firm has raised $2.2bn from institutional investors in the past 18 months.

Key milestones during this period include a $526m joint venture with sovereign wealth funds for industrial real estate acquisitions in the US, cornerstone investments from China Investment Corporation for its Golden Horizon platform, and over $1.3bn raised for US and European collateralised loan obligations (CLOs). Investcorp has also secured capital from institutional investors in India for its India Growth Equity Fund.

Mohammed Alardhi, executive chairman of Investcorp, emphasised Asia’s significance to the firm’s growth. “Asia remains a key market for Investcorp. Since establishing our Singapore office in 2017, we have expanded our presence and strengthened our commitment to serving investors in the region,” he said.

This partnership represents another milestone for Investcorp as it expands its private equity operations globally, further cementing its reputation as a trusted partner for institutional investors.

Source: Zawya

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