PETALING JAYA: Government-linked private equity fund management company Ekuiti Nasional Berhad (Ekuinas) unveiled its Full Disclosure Policy and detailed Investment Framework and Guidelines this morning.

Chairman Raja Tan Sri Arshad Raja Tun Uda announced that Ekuinas will adopt a fair and comprehensive Disclosure Policy that has been developed and benchmarked against global practices after it conducted a detailed review of disclosure practices of leading global private equity and sovereign wealth funds.

In this context, Ekuinas intends to provide annual information on the performance of funds under its management, including detailing specific investments that it has made and how they perform.

During the media briefing, chief executive officer Datuk Abdul Rahman Ahmad also shared Ekuinas' Direct Investment Framework, giving a thorough overview of its investment objectives, transaction deal characteristics and the target sectors it will focus on.

"Ekuinas will be commercially driven and has set a minimum target return of 12 per cent internal rate of return (IRR) per annum on its investment portfolio, but aspires to deliver higher returns up to 20 per cent," said Abdul Rahman.

He added that, Ekuinas is planning to invest up to RM5 billion by 2015.

Ekuinas also outlined its objective of increasing equitable bumiputera economic participation within the Malaysian economy which shall be measured across four dimensions — enhancing effective equity ownership, growing the pool of qualified management, increasing employment and creating value for Bumiputera supply chain partners.

"In terms of its direct investment criteria, Ekuinas shall pursue buyout transactions with an investment of at least RM30 million and a meaningful effective stake of no less than 20 per cent," Abdul Rahman said.

He added that Ekuinas would focus on established companies with significant growth potential and has identified six core sectors for investment including oil and gas, fast-moving consumer goods, retail and leisure, education, healthcare and services.