Bangkok-based 9 Basil, an independent funds management business, has announced plans to continue backing its investee company Alpha Capital and position it for an IPO in 2022.
9 Basil will continue to allocate capital to the distressed debt management platform, and aim to make it the largest independent asset management company in Thailand, according to a press statement. 9 Basil first acquired its stake in Alpha Capital in 2019.
