The Chearavanont family, who control Thailand’s Charoen Pokphand Group (CP Group), have partnered with LDA Capital to create a $2 billion fund for Southeast Asia’s middle market.
The CPFam-LDA Asia Growth Fund aims to provide flexible funding to middle market businesses in the region that have traditionally been undercapitalised by local investors and banks.
The partnership between CP Group and LDA Capital seeks to level the playing field for middle market businesses looking to grow and compete on a global level.
With a focus on Southeast Asian middle market businesses, the CPFam-LDA Asia Growth Fund will provide them with the necessary capital to expand and compete in the global market.
Photo by Jacob Guse
Key Takeaways
Thailand’s wealthiest family, the Chearavanonts, have joined forces with LDA Capital to create a new $2 billion private fund, the CPFam-LDA Asia Growth Fund.
The fund will focus on providing flexible funding to middle-market businesses in Southeast Asia that have traditionally been undercapitalized by local investors and banks.
The partnership aims to level the playing field for these businesses looking to compete on a global level.
The CPFam-LDA Asia Growth Fund will invest in globally listed and pre-IPO high growth companies across the Southeast Asian middle market.
The fund will target USD 2 billion of capital commitments over the next 12-18 months, providing innovative funding solutions for middle market businesses looking to expand globally.
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.
The CPFam-LDA Asia Growth Fund aims to support high-growth businesses in the region, providing them with the necessary capital to grow and expand. This will help to build regional relationships and create a portfolio of assets that will benefit both local and international investors. The fund’s focus on business building, risk management, and technology will be crucial in helping to drive growth for portfolio companies.
