Malaysia's Ekuinas books $137m return from second fund in 2020

Ekuinas CEO Syed Yasir Arafat Syed Abd Kadir speaks at DealStreetAsia's Asia PE-VC Summit 2018 in Singapore.

Malaysia government-linked private equity firm Ekuiti Nasional Bhd (Ekuinas) on Thursday reported a gross portfolio return of 571.2 million ringgit ($137.2 million) for its 1 billion ringgit ($240 million) second fund.

Ekuinas Direct (Tranche II) Fund generated a gross internal rate of return (IRR) of 11.9% per annum and a net IRR of 8.2%, Ekuinas said as it announced its financial results for the financial year ended Dec 31, 2020. 

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