Malaysia's Ekuinas plans to launch a $170.4m private credit fund for high-potential, high-growth companies.

Ekuinas, Malaysia's state-owned private equity fund, plans to launch its first private credit fund with a corpus of $170.4 million (800 million ringgit). This direct lending model will broaden financing options for high-potential, high-growth companies, complementing their existing private equity investments. Private credit funds in Asia have experienced increasing popularity as companies seek alternative funding sources beyond equity and bank loans.