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.
