IFC to invest up to $25m in Morgan Stanley’s North Haven Thai Private Equity

International Finance Corporation (IFC) proposes an equity investment of $20 million to $25 million in North Haven Thai Private Equity L.P., which will primarily be invested in Thailand.

In a disclosure on Monday, IFC said that North Haven Thai PE, that is being managed by Morgan Stanley Private Equity Asia (MSPEA), is seeking to raise up to $300 million in total committed capital and IFC will not hold more than 20 per cent of the fund’s total commitments.

North Haven Thai PE is a newly-formed generalist private equity fund with an initial 10-year term, targeting mid-market companies with significant operations in Thailand.

The fund will be managed by Morgan Stanley Private Equity Asia Inc and jointly led by its co-heads: Eric Ma and Chong Toh.

In October last year, Morgan Stanley-backed North Haven Private Equity Asia Angel has made the first investment in Thailand by acquiring a 25.63-per-cent stake in Thailand’s listed baby-and-adult diaper maker DSG International (Thailand) Pcl for 1.61 billion baht ($47.5 million).

Kingsley Chan, managing director of Morgan Stanley Private Equity Asia, earlier said in the statement that it shall continue to look for new investment opportunities in Thailand where it is one of the most attractive markets with positive long-term potential.

Also read:

Exclusive: IFC to invest $60m in solar power firm Jinko Malaysia

IFC completes $2m investment in SeedPlus

IFC to invest $50m in Dhaka-based BRAC Bank

India: IFC to provide up to $20m debt to RGVN Microfinance

Morgan Stanley-backed PE fund acquires 25% in Thai diaper maker for $46.2m

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.