Kumpulan Wang Persaraan (KWAP), Malaysia’s federal employee’s fund is planning its first private credit deal, after revamping its portfolio holdings, according to a report by Asian Investor.
Citing sources familiar with the matter, the report said that KWAP would be expanding further into the private equity market, after its strategic asset allocation in November 2022 moved the portfolio target balance between public and private assets to 80/20 from 90/10.
The fund has since received approval was to start the process of investing in private credit as a new sub-asset class.
