Malaysia’s EPF Launches Largest Global Syariah Private Equity ‘Separate Managed Account’ Fund

Malaysia’s Employment Provident Fund (EPF) has announced the launch of a Shariah-compliant private equity (PE) separate managed account (SMA) fund with an allocation of USD 600 million (MYR 2.43 billion).

Why it matters?

According to the Chief EPF Officer, Tunku Alizakri Alias, this is the first and largest Syariah PE SMA fund worldwide, with a global investment mandate focusing on direct and co-investment strategies pertaining to growth and buyout transactions. This initiative has been planned since 2018, with the EPF looking to diversify its investment portfolio to ensure sustainable returns to its members.

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