Khazanah has invested US$410m in the US to date

PETALING JAYA: Khazanah Nasional Bhd has made a total of 15 investments worth about US$410 million (RM1.7 billion) in the US to date, principally in the technology sector.
In a statement on Friday, the government’s strategic investment fund said its investments in the US represent 1.3% of its portfolio's realisable asset value of RM145.3 billion as at Dec 31, 2016.
Khazanah reiterated that it practises a strict process of origination and evaluation of investment proposals, involving detailed due diligence and multiple investment gates, before submission to the board of directors for consideration and approval.
“Overall, long-term value creation from our investment portfolio remains steady, with our portfolio net worth adjusted having increased 3.1 times, or growing at a compounded annual growth rate of 9.3% per annum, for the period from May 2004 to Dec 31, 2016," it said.
Khazanah added that it will continue to explore investment opportunities in the US, focusing primarily on the innovation and technology sector, in line with its mandate as a strategic investment fund that creates long-term value for Malaysia via multiple sectors and geographies.
In line with its policy to progressively diversify its investment portfolio overseas, Khazanah opened Khazanah Americas Incorporated in San Francisco in September 2013, with a focus on the innovation and technology sector. The San Francisco office is the third of Khazanah’s five foreign offices. The others are in Beijing, Mumbai, Istanbul and London.
Khazanah's statement comes on the back of various news reports and statements regarding its investments in the US, following the Prime Minister Datuk Seri Najib Abdul Razak's recent working visit to the US.