According to the company’s statement, the fund will be raised from the public after the new joint venture company is set up; in a month’s time.
The company plans to focus on investing in non-listed firms in Thailand, Vietnam, Myanmar, Cambodia and Laos.
SBIH is a Japan-based, listed financial services company group that promotes investment in emerging countries in Asia by forming alliances with prominent local partners in Japan. It has a market capitalisation of around $25 billion.
Meanwhile, Finansa is a comprehensive financial group based out of Thailand. The group is engaged in the fund management business and has a strong track record in private equity investments in the Southeast Asia, particularly in Thailand and Vietnam.
Finansa’s associated company, Finansia Syrus PCL, has an existing business and capital alliance with SBIH through their 19 per cent shareholdings in SBI Royal Securities Plc, a subsidiary in Cambodia (under SBIH’s umbrella).