CP Group, LDA Capital launch $2b Southeast Asia fund

The fund is a collaboration between CP Group affiliate Charoen Energy & Water Asia (CEWA) and LDA Capital, a US-headquartered alternative investment manager that specialises in complex cross-border transactions. LDA has executed more than 250 deals, across public and private markets in 43 countries, with an aggregate value of over USD 11bn.

The strategy is intended to “level the playing field for middle market businesses looking to grow and compete on a global level,” by filling a perceived funding gap in Southeast Asia created by lenders favouring larger companies. The USD 2bn corpus will be deployed over the course of 12-18 months, targeting pre-IPO and listed businesses.

CEWA and LDA will leverage their experience and resources to support growth, including access to licensing and offtake agreements and commercial distribution partnerships. Anthony Romano, co-founder of LDA, flagged an emphasis on flexible funding solutions – by combining LDA’s expertise in structured equity, debt, and digital assets with CP Group’s access to business leaders across the region.

“Our family has built companies on the principle of success being achieved through investing in your community and providing them with access to quality goods and services which continually improve their way of life,” Chatchaval Jiaravanon, a fund director, said in a statement. He is also the chairman and founder of CEWA and the son of Sumet Jiaravanon, executive chairman of CP Group.

“I believe the fund is another excellent financing resource to support growth businesses and entrepreneurs across Thailand and Southeast Asia.”

The Jiaravanon family has a collective net worth of more than USD 36bn. It has built CP Group into Asia’s largest diversified holding company with more than USD 82bn in annual revenue and 450,000 employees. Across CP Group and its family office, the family has interests spanning eight business lines, 14 business groups, and 21 countries and economies.

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• Topics
• Southeast Asia
• Growth
• Fundraising
• Credit/Special Situations
• Thailand
• Fundraising