KBank Private Banking\u00a0(KPB)\u00a0has announced\u00a0the progress of LH-THAIPE1UI, Thailand\u2019s first-ever Thai private equity fund, which recently made investments in two mid-sized Thai companies with high potential:\u00a0NARA Thai Cuisine, a leading Thai restaurant group, and DRJL Group, the owner of\u00a0Thailand\u2019s leading facial serum brand Dr.\u00a0JiLL.<\/p>\n\n\n\n
The expert teams from the master fund manager\u00a0with experience in private equity products, Fullerton Fund Management, and the fund sub-advisor, Hatton Equity Partners, which has expertise in the Thai market, will implement strategies to drive growth, diversify revenue streams and enhance operational standards of the invested companies.\u00a0The fund has a strong pipeline in various industries including health and wellness, education, and logistics businesses and expects to make additional investments\u00a0by the end of this year, with the goal to maximize exit valuations within seven years.\u00a0<\/p>\n\n\n\n
Dr.\u00a0Triphon Phumiwasana, Senior Managing Director, Private Banking Business Head, KASIKORNBANK\u00a0(KBank),\u00a0<\/strong>said,\u00a0\u201cPrivate equity funds are alternative investment products which have seen consistently higher demands in the global market.\u00a0They offer investment opportunities in businesses with different cycles and enable investors to benefit from growth opportunities\u00a0from said\u00a0companies before they are listed in the public market.\u00a0In Thailand, <\/p>\n\n\n\n KBank Private Banking has been offering this innovative solution to high-net-worth clients for the past few years\u00a0and one example is the\u00a0LH-THAIPE1UI fund we launched in late 2021.\u00a0This\u00a0is the first\u00a0Thai private equity\u00a0fund that invests solely in Thai companies not listed in the stock exchange, and have raised over 3 billion baht in investment.\u00a0According to the latest update from the global partner and the master fund manager, Fullerton Fund Management, the fund has successfully closed investment deals with two companies which have high growth potentials in-line with long-term market trends and the Thai economy.\u00a0We expect the country\u2019s reopening will accelerate the performance of the portfolio and generate returns in accordance with our target.\u201d\u00a0\u00a0<\/p>\n\n\n\n The launch of LH-THAIPE1UI marked the first time Thai private equities were being set up as a fund and offered to investors in Thailand. The fund currency is in Thai baht, which reduces exposure to foreign exchange risks. It also offers a shorter fund term than similar funds in other international markets. Target companies are Thai businesses with rapid development and growth potentials. <\/p>\n\n\n\n LH-THAIPE1UI has invested in two Thai companies as follows:\u00a0<\/p>\n\n\n\n Discussing the fund\u2019s growth strategies,\u00a0Mark Yuen, Chief Business Development Officer,\u00a0Fullerton Fund Management,<\/strong>\u00a0lshared,\u00a0\u201cAfter the fund made investments in NARA Thai Cuisine and Dr.\u00a0JiLL, we have\u00a0been working with a team of experts in implementing\u00a0growth strategies.\u00a0These include\u00a0diversifying revenue streams,\u00a0expanding product segments, strengthening operations, optimizing\u00a0costs and capital structures, and professionalizing\u00a0the management team.\u201d\u00a0<\/p>\n\n\n\n By the end of 2022, the fund manager plans to make additional investments in businesses within the world\u2019s mega trends, namely logistics, education, and health and wellness. <\/p>\n\n\n\n \u201cPrivate equity funds serve as attractive investment options in the period of high volatility in the stock market. With valuations reflecting real fundamentals of the invested companies, this asset class can reduce portfolio volatility and increase long-term stability. KBank Private Banking will continue to offer innovative investment solutions to reinforce our \u2018Perfect Wealth\u2019 promise as well as strengthen the potentials of Thai businesses, enabling them to compete on the global stage,\u201d concluded. Dr<\/strong>. <\/strong>Triphon<\/strong>.<\/strong> <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" KBank Private Banking (KPB) has announced the progress of LH-THAIPE1UI, Thailand\u2019s first-ever Thai private equity fund<\/p>\n","protected":false},"author":8,"featured_media":75383,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[117,13940],"tags":[3295,14558],"class_list":["post-75382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-en","category-finance","tag-kbank-private-banking-2","tag-private-equity-fund"],"yoast_head":"\n