Retirement Fund (Incorporated) (KWAP)
Overview
Established on 1 March 2007 under the Retirement Fund Act 2007 (Act 662), Retirement Fund (Incorporated) (KWAP) is a statutory body responsible for managing the pension scheme for Malaysia's public employees. KWAP's primary objective is to achieve optimal returns on its investments to finance the government's pension liabilities. The fund sources its capital from annual contributions from statutory bodies, local governments, agencies, and investment income. KWAP's investment portfolio is diversified across various asset classes, including equities, fixed income, real estate, private equity, and infrastructure, both domestically and internationally. KWAP's investment strategy focuses on sustainable long-term growth, with a disciplined approach to asset allocation and risk management. The fund has demonstrated strong performance, achieving a total return of 12% for the financial year ended 31 December 2024, with an investment income of RM18.0 billion. This performance reflects KWAP's commitment to delivering value to its stakeholders and supporting the government's pension obligations. In addition to its investment activities, KWAP is committed to environmental, social, and governance (ESG) principles, integrating these factors into its investment decision-making process. The fund also emphasizes talent development and international diversification, as evidenced by the establishment of Prima Ekuiti (UK) Limited, a wholly owned subsidiary in London, to manage foreign investments and build organizational expertise. KWAP continues to evolve its strategies to meet the challenges of a dynamic global investment landscape while fulfilling its mandate to provide sustainable retirement benefits to Malaysia's public sector employees.
Investment Focus
- Investment horizon: 5-10 years
- Preference for investments aligned with ESG principles
- Focus on sectors contributing to Malaysia's economic development
- Interest in both domestic and international investment opportunities
Portfolio Companies
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Unlock full contacts →Frequently asked questions about Retirement Fund (Incorporated) (KWAP)
What sectors does Retirement Fund (Incorporated) (KWAP) invest in?
Retirement Fund (Incorporated) (KWAP) invests in Financial Services, Technology, Healthcare, Energy, Consumer Goods and Real Estate, and is based in Kuala Lumpur, Malaysia. Retirement Fund (Incorporated) (KWAP) is listed as a pension fund in the ConnectSafely investor database.
What stage does Retirement Fund (Incorporated) (KWAP) invest at?
Retirement Fund (Incorporated) (KWAP) backs companies at Growth, Late Stage, Pre-IPO, Buyout, Turnaround and Distressed, writing cheques of 1M - 500M.
Which regions does Retirement Fund (Incorporated) (KWAP) invest in?
Retirement Fund (Incorporated) (KWAP) invests across United States, United Kingdom, Canada, Germany, Hong Kong and Japan.
What companies has Retirement Fund (Incorporated) (KWAP) invested in?
Retirement Fund (Incorporated) (KWAP)'s portfolio includes Commodities trading, Agricultural ventures, Prima Ekuiti (UK) Limited, Various Malaysian public sector infrastructure projects, Malaysian government bonds, Equity investments in Malaysian listed companies, Real estate developments in Malaysia and Private equity investments in Malaysian SMEs.
Last updated · Source: ConnectSafely investor database