(Updates headline, adds time frame in first paragraph and additional information in paragraphs 2-5) SINGAPORE, Oct 1 (Reuters) – Kumpulan Wang Persaraan's Chief Investment Officer Hazman Hilmi Sallahuddin said the Malaysian pension fund is looking to increase its private market exposure to 30% from 20% in the next five years. Hazman, who spoke at the Milken Institute Asia Summit 2025 in Singapore, noted that the fund's allocation to private markets has increased from 10% four years ago. Currently, 40% of its private markets exposure is in buyout strategies, while 30% is in secondaries, 20% is in growth and 10% is in venture capital. He added that the fund sees opportunities to help the Malaysian private markets ecosystem mature. The fund has created 12 co-general funds that collaborate with global and local general partners, which are mandated to invest at least 40% of their portfolios in Malaysia. "This is part of our efforts to develop the ecosystem in Southeast Asia," he said. (Reporting by Jun Yuan Yong; Editing by Tom Hogue and Sonia Cheema)
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