KUALA LUMPUR: The Employees Provident Fund (EPF) has committed RM250mil in investments in mid-to-growth stage Malaysian companies via its partnership with pan-Asian venture capital firm Gobi Partners.
In a statement, the pension fund said it seeks to play an integral role with the other GLICs in supporting and advancing the early-stage ecosystem.
By strategically investing and addressing critical gaps, the EPF aims to help propel the growth trajectory of these earlier stage companies while reaping attractive risk-adjusted returns.
It said the commitment also also represents its continuous efforts to strengthen social protection through strategic investments in promising mid-sized companies within the Malaysian landscape.
The commitment will strengthen the EPF's position as the largest investor in the domestic market with assets under management (AUM) of RM702.48bil as at December 2023.
According to the EPF, the investments will focus on six strategic themes including healthcare, agriculture and food science, financial services inclusivity, sustainability, education and social infrastructure.
EPF CEO Ahmad Zulqarnain Onn said the EPF is committed to participating in the growth journey of high-potential companies in Malaysia as it aligns its strategy with the development of an inclusive social protection system.
"In the long run, we hope this effort contributes to building a resilient society to economic and social challenges while delivering profitable returns for our members,” he said.
Meanwhile, Gobi Parnters co-founder and chairperson Thomas G Tsao said the strategic focus on the six key themes underscores their dedication to driving innovation and creating lasting socio-economic impact.
Source: https://www.thestar.com.my/business/business-news/2024/03/18/epf-commits-rm250mil-to-malaysian-mid-to-growth-stage-companies