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Black Marble

Closed-End Fund Strategies

Dhanam Prabawa Holdings is developing a portfolio of closed-end funds (CEFs) as part of its private capital management strategy. As a private investment holding company, we manage these investments exclusively for our owners and private shareholders, utilizing the unique structure of CEFs to support long-term value creation. Our approach incorporates disciplined analysis and adherence to environmental, social, and governance (ESG) principles, reflecting our commitment to a resilient investment framework.

Overview of Closed-End Funds

Our Approach

Closed-end funds are investment vehicles that raise capital through an initial public offering and trade on stock exchanges like publicly traded stocks. With a fixed number of shares, CEFs allow for a diversified portfolio of assets such as equities, bonds, or alternative investments, without the constraints of daily redemptions. This structure supports Dhanam Prabawa Holdings’ focus on strategic, private investments aligned with our long-term objectives.
 

Our CEF strategy is tailored to our private holdings model, with investments targeting CEFs in sectors like energy infrastructure, renewable energy, technology, convertible securities and non-convertible securities, and fixed-income, consistent with our ESG priorities and capital allocation strategy. The Chief Investment Officer, supported by advisory input, monitors CEF holdings to align with our risk management and growth goals, evaluating CEF pricing relative to net asset value (NAV) to inform portfolio adjustments while maintaining a conservative stance. Leverage, where utilized within CEFs, is assessed for its impact on returns and capital preservation, ensuring a balanced approach to portfolio oversight. The CEF holdings within Dhanam Prabawa Holdings’ portfolio are structured to benefit our owners and private shareholders, offering potential income through dividends based on their fixed capital base and providing diversified exposure to varied asset classes to reduce volatility. The closed-end structure supports patient investment strategies, with selections made to meet the specific needs of our shareholders, free from public offerings.
 

Our CEF investments operate under a structured governance framework that includes ongoing risk evaluation to address market risks and NAV trends, alongside rigorous ESG screening to ensure compliance with our responsible investing standards.

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Note for Visitors:
The closed-end fund holdings described on this page are managed exclusively for Dhanam Prabawa Holdings’ owners and private shareholders. This information is provided for transparency and insight into our investment approach and is not an invitation or offer for public subscription or investment.

Dhanam Prabawa Holdings Limited

Level 14, Main Office Tower, Financial Park Complex, Jalan Merdeka, 87000 Labuan, Federal Territory of Labuan, Malaysia.

Official Channel

  • LinkedIn

Company Status

Dhanam Prabawa Holdings (the "Company") is a private investment holding company in formation, with no clients and no public-facing business. It is organised solely to acquire, hold and manage proprietary and privately committed capital. It does not, and will not, solicit, accept or manage capital from the public or from retail investors.

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Seed capital is provided by the founder's personal investment portfolio. The Company is established as a private capital institution with the exclusive mandate to steward proprietary capital and private assets contributed by the founder and a limited number of selected private co-investors.

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Domicile

The Company is being established as a Labuan company under the Labuan Companies Act 1990 (Act 441), domiciled in the Federal Territory of Labuan within the Labuan International Business and Financial Centre ("Labuan IBFC"), which is regulated by the Labuan Financial Services Authority ("Labuan FSA").

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Nothing on this website represents that the Company holds any regulatory licence or approval.

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The Company's sole activity is the holding of investments on its own behalf. It does not carry on banking, insurance, takaful, fund management, trust business, leasing, factoring, or any other business regulated under the Labuan Financial Services and Securities Act 2010 or the Labuan Islamic Financial Services and Securities Act 2010. It does not offer any investment vehicle, product or service to any third party, whether within or outside Malaysia. In accordance with the Labuan Companies Act 1990, the Company's resident secretary and registered office will be provided by a Labuan trust company licensed by Labuan FSA. The Company intends to establish an operational and management office in Kuala Lumpur, subject to prior approval by Labuan FSA.

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Securities and Capital Markets

The Company is not licensed, registered or regulated by the Securities Commission Malaysia ("SC") under the Capital Markets and Services Act 2007 ("CMSA"). It does not carry on any regulated activity specified in Schedule 2 of the CMSA, including:

  • dealing in securities or derivatives on behalf of others;

  • fund management or portfolio management for others;

  • advising on corporate finance;

  • investment advice, including research, provided to third parties;

  • financial planning.

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The Company does not distribute, market or offer any investment product to any person. To the extent it deals in securities in Malaysia, it does so solely for its own account through intermediaries authorised by the SC, consistent with the exemption in Schedule 3 of the CMSA as amended with effect from 1 January 2026.

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Banking and Financial Services

The Company is not licensed or supervised by Bank Negara Malaysia ("BNM"). It does not carry on banking, deposit-taking, insurance, takaful or any other business regulated under the Financial Services Act 2013 ("FSA 2013") or the Islamic Financial Services Act 2013 ("IFSA 2013").

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Investment Execution and Intermediaries

All investment transactions of the Company, and of capital held for it by the founder, are executed exclusively through brokers, dealers and financial intermediaries that are duly licensed or regulated in the jurisdictions in which they operate. For securities listed on Bursa Malaysia Securities Berhad ("Bursa Malaysia"), this means participating organisations licensed by the SC under the CMSA.

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The Company does not, and shall not, conduct, place or execute any investment transaction through any unlicensed, unregulated or unauthorised intermediary, whether domiciled within or outside Malaysia.

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Foreign Exchange Policy

The use of licensed intermediaries does not, in itself, discharge the obligations arising under the Foreign Exchange Policy Notices ("FEP Notices") issued by BNM pursuant to the FSA 2013 and the IFSA 2013. These obligations operate independently of, and concurrently with, those borne by the intermediaries.

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Capital held for the Company by the founder in his personal capacity is subject to the FEP Notices applicable to resident individuals.

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As a Labuan company, the Company will be a Labuan entity, which is treated as a non-resident under the FEP Notices. The founder's capital contribution to the Company will accordingly constitute an investment by a resident in a Labuan entity, conducted in accordance with the FEP Notices applicable to resident individuals.

Specifically, and without limiting the generality of the foregoing:

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  1. Currency conversion. All conversions of Ringgit Malaysia into foreign currency, whether by the founder in funding the Company or by the Company in deploying its capital, will be conducted exclusively through licensed onshore banks or other duly authorised financial institutions. Each conversion will conform to the thresholds, permissions and procedural requirements under the FEP Notices applicable to the party converting.

  2. Ringgit dealings. The Company's dealings in Ringgit Malaysia will be confined to those permitted for Labuan companies, including the defrayal of administrative and statutory expenses and the holding of investments in domestic companies.

  3. Foreign currency proceeds. Dividends, distributions, interest, capital repayments, disposal proceeds and other realisations denominated in foreign currency will be received, retained, converted and redeployed in full compliance with the FEP Notices applicable to the Company.

  4. No foreign exchange business. The Company does not engage in any foreign exchange transaction constituting regulated business under the FSA 2013, including leveraged foreign exchange trading, speculative currency contracts, or structured arrangements whose primary purpose is the assumption of foreign exchange risk. It does not act as principal, agent, broker, intermediary, counterparty or facilitator in any foreign exchange transaction for any third party, and does not offer any foreign exchange product or service to any person.

  5. Accounts and structures. The Company does not operate, hold or control any foreign currency account, investment vehicle or cross-border financial structure otherwise than in accordance with the FEP Notices and applicable Labuan law, including any approval, notification or registration requirement imposed by BNM or Labuan FSA.

  6. Continuing compliance. All cross-border capital deployments, foreign currency obligations and foreign income receipts remain subject to the FEP Notices, the FSA 2013, the IFSA 2013 and any subsidiary legislation, guidelines or directives issued under them, as amended from time to time. The Company undertakes to monitor and ensure compliance as its activities evolve, its capital base grows and its corporate structure is established under the Labuan Companies Act 1990.

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Nothing in this section represents that the Company has obtained, or requires, any specific licence, approval or registration from BNM where its activities fall within the general permissions under the FEP Notices. The Company's investment activities are strictly proprietary, conducted solely for its own account with its own capital, and involve no financial service, product or facility provided to any third party.

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All declarations in this notice are cumulative. Nothing in this section limits or modifies any other declaration in this notice, and all declarations shall be read together as the Company's comprehensive regulatory position under Malaysian law.

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Other Statutory Regimes

Trust Companies Act 1949. The Company does not act as trustee, executor or administrator, or provide fiduciary services to clients or the public. It neither manages estates nor holds assets in trust for third parties. Its appointment of a Labuan trust company as secretary and registered office provider does not constitute the carrying on of trust business by the Company.

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Money Services Business Act 2011

The Company conducts no currency exchange, remittance or wholesale currency business, and does not facilitate the transfer of funds for any person. It does not operate e-wallets, payment gateways or any other money services business requiring a licence under this Act. Securities Industry (Central Depositories) Act 1991. The Company does not operate a securities depository, maintain Central Depository System accounts for third parties, or perform clearing and settlement functions. All investments are held through licensed brokers and custodians in the founder's or the Company's own name, with no depository, nominee or intermediary service provided to any external party.

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Unclaimed Moneys Act 1965

The Company does not hold monies, dividends, deposits or other financial assets on behalf of third parties. Its cash flows are fully proprietary, and it does not act as custodian, registrar or trustee. Any sums that become payable by the Company to its own shareholders will be dealt with in accordance with this Act, where applicable.

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Anti-Money Laundering, Anti-Terrorism Financing, Anti-Restricted Activity Financing and Proceeds of Unlawful Activities Act 2001 ("AMLA")

The Company does not carry on money services business, remittance or financial intermediation for clients, and is not a reporting institution under the AMLA. It remains subject to the AMLA's general provisions as they apply to all persons.

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Co-operative Societies Act 1993

The Company does not pool funds through member contributions, operate a credit co-operative, or conduct any co-operative financing scheme.

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Anti-Corruption

The Company does not participate in, endorse or tolerate bribery, gratification or any corrupt practice under the Malaysian Anti-Corruption Commission Act 2009 ("MACC Act"). Its activities are funded entirely by private capital and do not involve dealings with public funds, government contracts or procurement processes. The Company applies zero tolerance to corruption and conducts all investments and operations ethically, transparently and in accordance with applicable law. It is committed to maintaining adequate procedures to prevent corrupt practices, consistent with section 17A of the MACC Act.

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No Public Offering or Deposit-Taking

The Company does not take deposits, raise funds from the public through crowdfunding, bond or share offerings, or issue securities to the public, including by way of an initial public offering. It does not make, and does not intend to make, any offer or invitation to the public to subscribe for or purchase its shares, debentures or any interest in a collective investment scheme.​ Any participation by private co-investors is arranged privately, on a strictly limited basis, and without advertisement or invitation to the public. The Company does not act in any fiduciary, custodial or consumer-facing capacity, including trust services, fund management for clients or financial advisory roles.

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Taxation

The Company's corporate affairs will be governed by the Labuan Companies Act 1990. Its tax position will be determined under the Labuan Business Activity Tax Act 1990 ("LBATA") as a Labuan entity undertaking investment holding activities, being a Labuan non-trading activity.​ The applicable tax treatment is conditional on the Company meeting the substance requirements prescribed under the LBATA and its subsidiary legislation for its activities. The Company intends to meet those requirements on a continuing basis.​ The Company's income will be derived exclusively from its investments, including dividends, distributions, interest and gains on disposal. It will not derive income from any trade, business or the provision of services to third parties.

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Jurisdictional Scope

This notice addresses the laws of Malaysia only, including the laws applicable in the Federal Territory of Labuan. The Company does not carry on business in, or offer any product or service in, any jurisdiction outside Malaysia. Investments outside Malaysia are held solely as a passive investor, through duly licensed intermediaries, and remain subject to the laws governing those investments. References on this website to foreign investments or markets are for informational and analytical purposes only.

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Informational Purposes Only

Any views, commentary, economic analysis or research published on this website are for informational and educational purposes only. Nothing on this website constitutes investment advice, an offer to buy or sell any security or financial instrument, or a solicitation to manage funds.​ No representation is made as to the accuracy or completeness of the information provided. Readers should seek independent financial, legal and tax advice before acting on any information discussed.

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Website Terms

No reliance. To the fullest extent permitted by law, the Company accepts no liability for any loss or damage arising from any use of, or reliance on, this website or its contents.

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Forward-looking statements. Statements on this website about intentions, plans, structure or expectations reflect current intentions only. They may change without notice and are not guarantees of any outcome.

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No relationship created. Visiting this website or contacting the Company does not create any client, advisory, fiduciary or other relationship with the Company.

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Restricted jurisdictions. This website is not directed at any person in any jurisdiction where its publication or availability would be contrary to local law or regulation.

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Intellectual property. All content on this website, including text, research, graphics and the Dhanam Prabawa Holdings name and logo, belongs to the Company or its founder. No part may be reproduced, distributed or used without prior written consent.

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Third-party links. Links to third-party websites, including LinkedIn, are provided for convenience only. The Company is not responsible for their content or availability.

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Personal data. Any personal data received through this website is handled in accordance with the Personal Data Protection Act 2010, as amended, and the Company's Privacy and Confidentiality notice.

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Governing law. This notice and any use of this website are governed by the laws of Malaysia, and the courts of Malaysia have exclusive jurisdiction over any dispute arising from them.

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Amendments. The Company may amend this notice at any time. The version published on this website is the current version.

 

© 2026 by Dhanam Prabawa Holdings. All Rights Reserved. 

 

Official Contact
Email: admin@dhanamprabawa.com

Fraud and Impersonation

Dhanam Prabawa Holdings reminds all stakeholders and visitors to remain vigilant against the unauthorised use of the firm's name, brand, or representatives.

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Dhanam does not accept capital from the public. The firm is a private investment holding company that manages proprietary and privately committed capital only, and any communication soliciting public investment, deposits, or payment under the Dhanam name is fraudulent by definition, regardless of how official it appears.

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Recognising Fraudulent Activity

Dhanam does not initiate contact with individuals through social media platforms, messaging applications, or any digital channel, including WhatsApp, Telegram, Facebook, or unsolicited email, to offer investment opportunities or request payment. Treat any of the following as a clear warning sign: a request for upfront fees, processing charges, or release payments before funds can supposedly be transferred, a promise of guaranteed or unusually high returns, pressure to act quickly or keep the opportunity confidential, or a request for personal identification, banking, or account access details.

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Official Channels of Communication

All official engagement with Dhanam is conducted exclusively through the contact details published on this website: email admin@dhanamprabawa.com and our verified LinkedIn page. Dhanam does not authorise any other email address, telephone number, or third-party platform to act, speak, or solicit on its behalf. Stakeholders are encouraged to verify any communication directly against these channels before responding or acting on it.

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Reporting Suspicious Activity

Anyone encountering suspicious outreach or activity involving the Dhanam name should not respond, click any link, or make any payment. The incident can be reported directly to Dhanam by email or through our official LinkedIn page, and, where financial loss or a credible threat is involved, should also be reported to the relevant law enforcement or financial regulatory authority in your jurisdiction. The safeguarding of trust, security, and confidentiality for all stakeholders remains a priority for Dhanam, and we appreciate your continued vigilance.

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