<article><a style="color: #000080;" href="http://lakeshore-capital.com/">Lakeshore Capital Asia</a>, a Bangkok-based private equity firm, has closed its first Thailand-focussed fund at $60 million, according to a report in Asian Venture Capital Journal (AVCJ).</article>

<a style="color: #000080;" href="http://lakeshore-capital.com/">Lakeshore Capital Asia</a>, a Bangkok-based private equity firm, has closed its first Thailand-focussed fund at $60 million, according to a report in Asian Venture Capital Journal (AVCJ).
Founded in 2009, Lakeshore Capital focuses on growth businesses in Thailand and the Greater Mekong Sub-region.
Lakeshore Capital Fund I launched with a target of $60 million, which was subsequently raised to $100 million. The International Finance Corporation (IFC) committed up to $20 million &#8211; or no more than 20% of the overall corpus &#8211; in mid-2013.
Lakeshore Capital has a mandate to invest across a broad spectrum of sectors including food, retail, consumer products, light manufacturing, healthcare, education, logistics and business outsourcing.
It has already made two investments in the consumer space. It has completed deals in Humanica, a human resources management provider, and restaurant chain operator Santa Fe.
Lakeshore&#8217;s primary competitors for deal flow in Thailand are larger companies or families using private capital or corporate entities.
AVCJ states that the fund is likely to make five to eight investments in total with a sweet spot of around $10 million.
Also Read: <a style="color: #ff0000;" title="Private Equity in ASEAN fighting limited pool of attractive targets, fragmented markets: Bain &amp; Company" href="http://www.dealstreetasia.com/stories/private-equity-in-asean-fighting-limited-pool-of-attractive-targets-fragmented-markets-bain-company-7201/" rel="bookmark">Private Equity in ASEAN fighting limited pool of attractive targets, fragmented markets: Bain &amp; Company</a>
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Lakeshore Capital Asia, a Thailand-based private equity firm, has closed its first Thailand-focused fund at $60 million.

Lakeshore Capital Asia closes first Thai-focussed fund at $60m

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Lakeshore Capital Asia closes first Thai-focussed fund at $60m

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