Malaysia’s Ekuinas to back five local PE managers
Ekuinas, a private equity investor backed by the Malaysian government, will make LP commitments to funds raised by five local PE firms. Four of the five – Tael Parnters, RM Capital Partners, Tuas Capital Partners and CMS Opus Private Equity – will receive MYR240 million ($72.2 million) in seed capital from Ekuinas in addition to MYR133 million they have already received from private investors.
This is the second tranche of the Malaysian group's capital outsourcing program, which will see MYR925 million allocated to third-party managers. The fifth GP is Asiasons, selected as a replacement manager...
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