PETALING JAYA: The Employees Provident Fund plans to commit up to RM250 million aimed at catalysing mid-to-growth-stage companies in Malaysia through its partnership with Gobi Partners.
The EPF CEO Ahmad Zulqarnain Onn said that the retirement fund is committed to participating in the growth journey of high-potential companies in Malaysia as it aligns its strategy with the development of an inclusive social protection ecosystem. “In the long run, we hope this effort contributes to building a resilient society to economic and social challenges while delivering profitable returns for our members,” he said.Meanwhile, Gobi Partners co-founder and chairperson Thomas G. Tsao said the venture capital firm is proud to stand alongside the EPF in this significant commitment towards the growth of mid-to-growth-stage companies in Malaysia.
“In support of the Madani economy framework, the EPF seeks to play an integral role with the other government-linked investment companies in supporting and advancing the early-stage ecosystem, and by strategically investing and addressing critical gaps where it could help propel the growth trajectory of these earlier stage companies while reaping attractive risk-adjusted returns.
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