Maharlika Investment Corporation is actively scouting general partners who grasp the nuances of Philippine markets, CIO Kheed Ng said. The sovereign wealth fund seeks partners that blend local insight with global capital, aiming to deepen its private‑equity footprint.

This move follows a broader push by the Philippine government to harness private‑equity expertise for infrastructure and growth initiatives. By prioritizing managers versed in local regulations and culture, Maharlika hopes to secure deals that align with national development goals.

For investors, the strategy signals a shift toward more regionally focused sourcing. Firms that can navigate local dynamics will likely gain preferential access to Maharlika’s capital, potentially reshaping the competitive landscape for private‑equity deals in Southeast Asia.