Malaysia’s Sarawak state’s sovereign wealth fund will start deploying capital this year, more than two years after it was created in November 2022.
The Sarawak Sovereign Wealth Future Fund had been focused on building a solid corporate structure, formulating a strong institutional policy, and recruiting a team of high-calibre professional investment managers, according to Sulong Matjeraie, chairman of the wealth fund.
“The year 2025 will mark the fund’s transition into a new phase – the capital deployment phase. As a global-class investor, the Sarawak Sovereign Wealth Future Fund Board will continue to adopt a cautious and strategic investment approach,” he says in a statement on April 22 without providing details.
The fund has 8 billion ringgit (US$1.71 billion) of initial capital. The government of Sarawak, a resource-rich state in east Malaysia, expects to allocate 300 million ringgit annually for the fund until 2028, 550 million ringgit a year until 2033, and 650 million ringgit until 2043.
