Petronas Twin Towers in Kuala Lumpur, Malaysia. Photo by Elliot Andrews on Unsplash

Malaysia’s public service pension fund Kumpulan Wang Persaraan (KWAP) is targeting to amp up returns on its investments through higher allocations to private equity. 

“We’re looking at a fairly aggressive timeline, at three to five years. We were mulling over almost doubling [the allocation], but we need to balance it out from a resource perspective and in terms of opportunity sets,” KWAP head of private equity Saifulbahri Hassan told DealStreetAsia in an interview.