The Business Times
business-time-50
ASEAN BUSINESS
·
SUBSCRIBERS

PE fund backed by rich Thais seeks distressed investments in South-east Asia

9 Basil, a fund backed by Chiaravanont family, has 30 potential investments

google-preferred-sourceAdd BT as a preferred source
Angela Tan

Angela Tan

Published Tue, Jun 1, 2021 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    9 BASIL, a private equity fund backed by Thailand's Chiaravanont family and other established families in South-east Asia, is on the prowl for distressed investment opportunities in the region that it can grow by leveraging its rarefied network and portfolio companies.

    Founded by Schwin Chiaravanont and Kris Panijpan, the South-east Asia-focused investment arm of Blueprint Forest, a Bangkok-based multi-family office, has a strong pipeline of 30 potential investments.

    Some 20 of these are real estate-related; the rest range from consumer products and restaurants to financial services.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Private equityThailandAsean

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Lim's pay package includes about S$3.6 million as salary and around S$3.9 million as bonus, indicates the company's annual report.

    Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    Those aged below 30 account for the largest share of overqualification.

    More workers in Singapore opt for jobs for which they are overqualified: MOM, NTUC studies

    While residential property has delivered solid gains, observers say other assets such as equities often outpace it over the longer term.

    Higher costs, lower returns: Why are Singaporeans still betting on real estate?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More