Thailand’s Chearavanont family, who control Charoen Pokphand Group (CP Group), have partnered with LDA Capital to create a $2 billion fund for Southeast Asia’s middle market.

Key Takeaways

  • The Chearavanont family, Thailand’s wealthiest, has partnered with LDA Capital to establish a $2 billion private fund focused on middle-market companies in Southeast Asia.
  • The partnership aims to provide flexible funding to middle market businesses in the region that have traditionally been undercapitalized by local investors and banks.
  • The launch of the fund comes at a time when fundraising for private equity and venture capital funds in Southeast Asia has slowed down significantly.

The CPFam-LDA Asia Growth Fund aims to support globally-listed and pre-IPO companies in the region. The fund will provide innovative funding solutions for middle market businesses looking to expand globally.

The Fund will invest in globally listed and Pre-IPO high growth companies across the Southeast Asian middle market and is targeting USD 2 billion of capital commitments over the next 12- 18 months.

This partnership builds on the previous collaboration between CP Group and LDA, when LDA invested $50 million in CP Group founder Chatchaval Jiaravanon’s fintech startup. The fund launch comes during a challenging fundraising environment for private equity and venture capital funds in Southeast Asia.

About the author

Bangkok Correspondent at Siam News Network

Bangkok Correspondent for Siam News Network. Editor at Thailand Business News

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