Thai Government Pension Fund will boost PE, realty
Thailand’s Government Pension Fund (GPF) will boost its overseas investments, including private equity fund investments and direct investments in real estate and infrastructure, Sopawadee Lertmanaschai, secretary-general of GPF announced earlier in Bangkok.
Lertmanaschai gave no details on how much greater an investment allocation is planned, though she reportedly noted that the THB335 billion ($10 billion) state fund would favor Asian markets in 2010 due to the region’s strong economic growth. In June 2009, the state fund appointed Switzerland-based fund-of-funds group Capital Dynamics to oversee its first private equity investment strategy outside Thailand. As of December 2009, GPF allocates 3.6% and 4% of its assets to alternative investments and property respectively. The fund’s allocation to foreign investment is about 25% of the total fund.
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