Schroders Singapore launches new Global Private Equity Fund in partnership with Krungsri Asset Management for Thailand’s UHNW investors
The Krungsri Global Private Equity Fund – Not for Retail Investors (KFGPE-UI) has raised over US$14 million in Initial Public Offering (IPO).
Schroders Singapore, in partnership with Krungsri Asset Management, has launched the new Krungsri Global Private Equity Fund – Not for Retail Investors (KFGPE-UI) for ultra-high net worth (UHNW) investors in Thailand. The fund will invest through the Schroder GAIA II Global Private Equity Fund, which serves as the master fund.
The fund is targeted at UHNW investors looking to achieve potentially higher returns and greater portfolio diversification by accessing the often hard-to-reach global private equity markets. It focuses on small-mid cap specialist opportunities across the United States and Europe as well as Asian growth companies. Investors can reap benefits from co-investing in and growing with these businesses, which are non-listed companies with high growth potential and require capital for expansion. In addition, these companies are identified to have a better chance of being listed on stock exchanges or sold to other shareholders, potentially generating good returns in the long run.
Moreover, the master fund will invest directly in non-listed companies with a coverage of primary and secondary markets. It also focuses on five sectors – healthcare, technology, digital consumer-related, business services and industrials, and will invest to obtain exposure to a range of private equity strategies including venture capital, growth capital, buyout and financing for special situations. Environmental, Social and Governance (ESG) considerations have also been factored into the investment process.
Investing in the KFGPE-UI can also be an alternative for UHNW investors whose criteria meet the regulations of the Securities and Exchange Commission (SEC), Thailand to participate in private equity investment with institutional investors.
The fund has raised over USD14 million in IPO and the minimum required investment is one million baht.
Mrs. Supaporn Leenabanchong, Managing Director, Krungsri Asset Management Co., Ltd. Said: “We believe that KFGPE-UI is the right opportunity for ultra-high net worth investors who seek alternative investment for growth potential. Investment in leading private equities provides access to multiple industries across the world, improves risk diversification, and increases return potential of the portfolio.”
Mr Arthit Thongchareon, Head of Thailand Business, Schroders, commented: “We have witnessed accelerated growth in Thailand over the past decade, with the investment landscape growing more sophisticated. There is a greater demand for differentiating products amongst local investors to diversify their investment portfolio. Our partnership with Krungsri Asset Management is a pivotal step for Schroders, enabling us to be one of the first global asset managers to offer a Private Asset Fund to UHNW investors in Thailand, and serve as a catalyst to drive the growing PE investment landscape in the country.”
Ms Lily Choh, CEO of Singapore, Schroders, said: “At Schroders, we have capitalised on the growth of private markets for our clients over the past five years. The pandemic has accelerated the evolution of private markets and we are seeing an increased focus on impact investments and democratisation of private assets. Against the backdrop of higher inflation and uncertainty in global outlook, private equity as an asset class provides investors with access to specialised, alternative return streams in the longer-term as they look to reduce their exposure to listed assets. We welcome the partnership with Krungsri Asset Management and look forward to leveraging our global private assets capabilities for Thai investors.”
For more information on KFGPE-UI, please visit this page.
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