Thailand’s Chearavanont family, owners of Charoen Pokphand Group (CP Group), has joined forces with LDA Capital to establish a $2 billion fund for Southeast Asia’s middle market. The CPFam-LDA Asia Growth Fund aims to support globally-listed and pre-IPO companies in the region, offering innovative funding solutions for middle market businesses looking to expand internationally. Over the next 12-18 months, the fund plans to secure $2 billion of capital commitments and invest in high-growth companies in Southeast Asia. This partnership follows LDA’s previous investment of $50 million in CP Group founder Chatchaval Jiaravanon’s fintech startup. The fund’s launch arrives during a challenging fundraising landscape for private equity and venture capital funds in Southeast Asia.
