KUALA LUMPUR, 26 September 2018: The Employees Provident Fund (EPF) today hosted the EPF Global Private Equity Summit 2018, featuring eight plenary speakers from the world’s leading private equity firms and entrepreneurs, who spoke on key themes related to private equity investing, including growth investing, valuations, and continued advances in the areas of digital technology and artificial intelligence.
While officiating the event, EPF Chairman Tan Sri Samsudin Osman said, “The private equity market in Malaysia is still in its infancy. Local institutional investors, which include the EPF, are increasingly playing an active role in PE investing due to its ability to deliver superior
long-term returns. Private equity also has the potential to outperform other asset classes during certain economic cycles.
“Private equity remains at the forefront of investors’ mind as they look to tap into the massive growth potential in Asia. We hope that the summit would provide an ideal platform to further develop and promote the private equity ecosystem in the Southeast Asian region.”
The EPF’s private equity allocation currently stands at two (2) per cent of its total Strategic Asset Allocation and is targeted to increase its allocation to above three (3) per cent over the next 10 years.
Given the increasing role of technology in daily lives and investment opportunities, Tan Sri Samsudin said that the EPF has added a Technology mandate within its private equity programme.
“Our strategic target is to declare at least two (2) per cent real dividend on a rolling three-year basis, and we believe this new mandate can offer additional risk-adjusted returns and meet our inflation-hedging targets,” said Tan Sri Samsudin.
He observed that the EPF Global Private Equity Summit was an excellent avenue to highlight the huge potential in the private equity market as a source of superior returns as well as a market segment that would help contribute significantly to the economic development of ASEAN and particularly Malaysia.
Among the speakers at the event were Henry R. Kravis (Co-Chairman and Co-Chief Executive Officer of KKR); Robert F. Smith (Founder, Chairman and CEO of Vista Equity Partners); Jeffrey Perlman (Managing Director and Head of Southeast Asia of Warburg Pincus); Kevin Aluwi (Co-Founder and Chief Investment Officer of Go-Jek); Marc Boheim (Managing Director of AIMS Group); Ivan Vercoutere (Managing Partner and CIO of LGT Capital Partners); En Lee (Partner and Head of Asia Pacific of LGT Impact); and Xu Bing (Co-Founder of SenseTime).
More than 400 participants attended the summit, representing regional and global leaders of private equity, limited partners, investors, advisors and consultants. The EPF Global Private Equity Summit 2018 is supported by LGT Capital Partners, Goldman Sachs Asset Management and Crescent Capital Partners.
About the Employees Provident Fund (EPF)
The Employees Provident Fund (EPF) is Malaysia’s premier retirement savings fund to help its members achieve adequate savings for a comfortable retirement. This is in line with EPF’s vision to help members achieve a better future and the mission to safeguard members’ savings and deliver excellent services. The EPF has evolved significantly from transaction-centric to a professional fund management organisation with a strong focus on retirement security. The EPF is guided by a robust and professional governance framework when making investment decisions. It continues to play a catalytic role in the nation’s economic growth and seeks to cultivate a savings and investment culture among its members to improve the country’s financial literacy level.