{"id":58778,"date":"2023-09-22T15:16:58","date_gmt":"2023-09-22T07:16:58","guid":{"rendered":"http:\/\/wordpress-my-161844363.ap-southeast-1.elb.amazonaws.com\/articles\/?p=58778"},"modified":"2023-09-22T15:16:58","modified_gmt":"2023-09-22T07:16:58","slug":"kwap-launches-dana-perintis-vc-fund","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/kwap-launches-dana-perintis-vc-fund","title":{"rendered":"KWAP Launches New Investment Fund Focusing On Venture And Startup Companies"},"content":{"rendered":"

In an effort to galvanise Malaysia\u2019s venture and startup ecosystem, Malaysia’s public sector pension fund for civil servants <\/span>has launched a new investment fund called Dana Perintis.<\/p>\n

KWAP<\/a>, short for Kumpulan Wang Persaraan (Diperbadankan) is tasked with managing the retirement funds for Malaysia’s civil servants. Malaysia’s civil service staff currently number over 1 million<\/a> in 2023.<\/p>\n

Dana Perintis will invest up to RM500 million over the next 18 to 24 months. The aim is to empower early stage companies and driving economic resilience.<\/span><\/p>\n

Malaysia-focused VC funds<\/h2>\n

Dana Perintis<\/a> is driven by two main strategies. Their investments will focus on selected Malaysia-focused Venture Capital (VC) funds and direct investments into early-stage companies. Each of these two strategies will be allocated RM250 million to invest in companies that align with their goals.<\/span><\/p>\n

A substantial amount of the RM250 million will be used to invest in venture capitals that are focused in Malaysia. The aim is to help develop a self-sustaining venture ecosystem.\u00a0<\/span><\/p>\n

“KWAP recognises the potential for innovation and growth within Malaysia’s venture ecosystem,” said Encik Hazman Hilmi Sallahuddin, Chief Investment Officer of KWAP.<\/span><\/p>\n

The introduction of Dana Perintis is also in line with KWAP\u2019s role as one of Malaysia\u2019s prominent investors. This is why they\u2019re targeting their focus to inject vitality in Malaysia\u2019s early-stage companies.<\/span><\/p>\n

“We are dedicated to empowering startups and SMEs, supporting employment, and nurturing <\/span>innovation. In realising these visions, KWAP has already identified several potential startups to <\/span>invest in, which currently employ more than 1,000 Malaysians from different backgrounds,” <\/span>Hazman added.<\/span><\/p>\n

While implementing this initiative, KWAP also remains grounded to their main role, which is to spur the growth of their pension fund in order to help pensioners live comfortably after their retirement.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

KWAP has launched Dana Perintis, a new investment fund aimed at galvanising Malaysia\u2019s venture and startup ecosystem.<\/p>\n","protected":false},"author":51,"featured_media":58779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[271,216],"tags":[660,1531,1530,1532],"class_list":["post-58778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news-updates","tag-investment","tag-investment-fund","tag-kwap","tag-pension"],"acf":[],"yoast_head":"\nKWAP To Invest In Venture, Startup Companies With Dana Perintis<\/title>\n<meta name=\"description\" content=\"KWAP has launched Dana Perintis, an investment fund focusing to inject life into Malaysia\u2019s venture and startup ecosystem\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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