KUALA LUMPUR – April 30, 2015: Government-linked private equity fund management company Ekuiti Nasional Berhad (Ekuinas) last year recorded total gross portfolio returns (GPR) of RM825.5 million through its two direct funds.
This was contributed mainly by the Ekuinas Direct (Tranche 1) Fund with RM677.1 million.
The GPR translates to a gross annualised internal rate of returns (IRR) of 19.6 per cent and a net annualised IRR of 15.3 per cent, exceeding the long term minimum target returns of 12 per cent.
The Ekuinas Direct (Tranche 2) Fund is also shaping well with a GPR of RM148.4 million, rendering to a gross annualised IRR and an annualised net IRR of 31.9 per cent and 19.3 per cent respectively, disclosed Ekuinas chairman Raja Tan Sri Arshad Raja Tun Uda while presenting its annual report today.
Last year, Ekuinas successfully committed RM605.8 million in nine more investments under its direct and outsourced programmes.
The investments include six direct investments via Revenue Valley Group, San Francisco Coffee, Coolblog, Tenby Group of Schools, Orkim Sdn. Bhd. and Tranglo Sdn. Bhd. with a total committed capital of RM542.1 million.
The Ekuinas outsourced programme expanded through its three new investments — REAL Education Group, Big Sdn. Bhd. and Mega Fortis (Malaysia) Sdn. Bhd. — that amounted to more than RM80 million undertaken by external private equity firms and of the committed capital contribution from Ekuinas was RM63.7 million.
Chief executive officer Datuk Abdul Rahman Ahmad spoke of the importance of the company expediting its realisation initiatives to maintain performance.
“We will intensify our efforts in identifying high potential companies while building capabilities and transformative value in our portfolio companies in order to deliver sustainable long term value creation.”