Top Fund Management Companies in Thailand

The fund management industry in Thailand has been experiencing steady growth in recent years. The country's growing economy and increasing investor demand for investment opportunities have driven the growth of this sector. In this article, we will examine the key statistics, factors contributing to growth and success, industry trends, challenges, and future outlook of the fund management industry in Thailand.

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CompanyHeadcountContactDescriptionDecision Maker
ANTLER1,814

INSPIRE VENTURES (VENTURE BUILDER ASEAN)35

SAISON CAPITAL37

500 GLOBAL2,001 +65 6340 7200

500 Global is a venture capital firm with over $2.7B in Assets Under Management that invests early in founders building fast-growing technology companies. We focus on markets where technology, innovation, and capital can unlock long-term value and drive economic growth. 500 Global has backed over 5,000 founders representing more than 2,600 companies operating in 80 countries. Our portfolio includes 51 companies valued at over $1 billion and 140 companies valued at over $100 million. Our 140+ plus team members are located in more than 15 countries and bring experience as entrepreneurs, investors, and operators from some of the world’s leading technology companies.

DYMON ASIA PRIVATE EQUITY18 +65 6705 1666

DAPE invests in companies in the lower mid-market space, or Small Medium Enterprises (SME), in Southeast Asia. Investments are tailored to the needs of the companies with a strong focus on meeting long-term objectives. Our investments can be structured as buy-outs, growth capital, recapitalization or through hybrid instruments.We are owned and managed by Southeast Asian professionals with a multi-year track record of making successful investments.We are the Private Equity arm of Dymon Asia Capital.

PLATINUM EQUITY493 +65 6709 4090

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $47 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 27 years Platinum Equity has completed more than 400 acquisitions.

JFDI.ASIA9 +65 3159 1567

Founded in 2010, JFDI.Asia raised and deployed $3m into 70 digital startups between 2012-2015 through 7 intensive bootcamp cohorts. Its portfolio of investees is collectively valued at over $450m and has created hundreds of high value jobs. JFDI.Asia is no longer actively investing in new startups and the company is now focused on liquidating assets as they mature, already returning 29% IRR to investors. Notable exits to date include Tradegecko, acquired by Intuit in 2020, and Quadrant, acquired by Appen in 2021. Rising portfolio stars include Silent Eight and Glints.

GGV CAPITAL545 +65 6805 2400

GGV Capital is a global venture capital firm focused on multi-stage, sector-focused investments. Recognizing that the talent to build great companies can come from anywhere, the firm invests in founders building category-leading companies around the world. Founded in 2000 with roots in Singapore and Silicon Valley, GGV has expanded with additional offices in San Francisco, Shanghai, and Beijing. The firm manages $9.2 billion in investments across the United States, Canada, China, Southeast Asia, India, Latin America, and Israel. Over the past two decades, the firm has backed more than 400 companies, including Affirm, Airbnb, Alibaba, BigCommerce, Boss Zhipin, Grab, HashiCorp, Hello, JD MRO, Keep, Kujiale, Manbang, NIU, Opendoor Technologies, Peloton, Poshmark, Qunar/Ctrip, Slack, Square, StockX, Udaan, Wish, XPeng, Zendesk, Zuoyebang, and more. More information can be found at www.ggvc.com and @ggvcapital.

GOBI PARTNERS99 +60 3-2778 6800

Gobi Partners is the most interconnected Pan-Asian venture capital firm with US$1.5 billion in assets under management (AUM) across North Asia, South Asia, and ASEAN. Headquartered in Kuala Lumpur and Hong Kong, the firm supports entrepreneurs from the early to growth stages and focuses on emerging and underserved markets.Founded in 2002, Gobi has raised 15 funds to date, invested in over 320 startups and nurtured 9 unicorns. Gobi has grown to 15 locations across key markets in Bangkok, Beijing, Guangzhou, Ho Chi Minh City, Hong Kong, Jakarta, Karachi, Kuala Lumpur, Lahore, Manila, Riyadh, Shanghai, Shenzhen, Surabaya and Singapore.As a Participant of the United Nations Global Compact, Gobi Partners is committed to aligning strategies and operations with universal principles on human rights, labour, environment and anti-corruption to ensure long-term value creation and sustainability across our portfolio.

EXPARA19 +65 9780 5381

Leading venture creation in Singapore since 2003, Expara takes pride in the ethos embodied in our logo – we help you turn risk into opportunities for success. Douglas Abrams, the company’s founder and CEO is a venture capitalist, entrepreneur, angel investor and educator who has been investing, venturing, and teaching in Singapore since 2000. We work alongside entrepreneurs and leaders in public and private organizations to create entrepreneurial successes through innovative high-tech high-growth ventures. We pride ourselves in delivering dedicated web tools, business strategy and technology innovation advisory, experiential training, deep industry expertise and networks in supporting the growth of the next Silicon Valley in Southeast Asia.

NAVIS CAPITAL PARTNERS114 +65 6438 0711

Navis Capital Partners was founded in 1998 in order to make private equity investments in buyouts, recapitalisations and financial restructurings in Asia, particularly on enterprises with a strong presence in South and Southeast Asia. Navis acquires control of its portfolio companies. Since its founding Navis has made over 60 controlling investments most of which have been completed with little reliance on acquisition finance. All Navis’ companies are leaders or near leaders in their fields. Industries/segments in which Navis has invested include food processing, fast food/casual dining, industrial products, fast moving consumer goods, outdoor advertising, auto rentals, consultancy and professional services, amongst others. The firm contributes both capital and management expertise to its portfolio companies with the objective of directing strategic, operational and financial improvements, typically through initiatives that drive growth, margin improvement and asset efficiency. Navis’ investment model places a low reliance on leverage to drive its equity returns. The firm manages several private and public equity funds totaling USD 5 billion, and whose investors include a number of well-known US, European, Middle Eastern and Asian commercial and investment banks, pension funds, insurance companies, corporations, foundations, as well as a number of high net worth individuals and family offices. Navis has one of the largest private equity professional team in Asia, comprising over 65 individuals, supported by over 35 administrative staff, in six offices across the region.See the latest updates directly from our Newsroom:https://www.naviscapital.com/newsroom#newsroomWhat We Offer and What We Seek: Visit our Career Page: https://www.naviscapital.com/careers

STONELOTUS VENTURES7 +66 2 038 5969

Stonelotus was founded in 2010 in Bangkok, Thailand. Our mandate is support entrepreneurs and early stage businesses with growth capital and management support in order to create value for the stakeholders of each venture. Stonelotus deploys angel funding and early-stage venture capital in Asia. We add value to our portfolio of startup companies by assisting to incubate, hatch, and accelerate early stage businesses. Stonelotus does not manage an investment fund but rather syndicates investors on a deal-by-deal basis. This approach provides flexibility in terms of deal structure, deal size and sector focus. Once an investment has been made, Stonelotus acts as custodian and advocate on behalf of the investor pool as well as provides hands-on support to the founders and management of each investee company. In order to ensure alignment, the principals of Stonelotus co-invest in each deal. Our areas of expertise include:Deal Generation & NegotiationTransactions, Structuring & LegalInvestor Relations & ReportingAccounting & Financial OversightStrategic Support & Board RepresentationNetworking & IntroductionsSales, Marketing & Operational Support Merger, Acquisition & Exit Processes

TECHSTARS3,093 +65 6735 1987

The worldwide network that helps entrepreneurs succeed. We provide access to capital, mentorship, talent, and infrastructure.⬇️ Apply now

WHATNOT STARTUP STUDIO17 +66 65 443 1772

We work with organisations and teams to help them find new ways of looking at future, innovation, products and whatnot. Be simple, clear, bold, agile and daring to transform. Evolve. We have built extensive experience in the ecosystems of start-ups and brave entrepreneurs. We have seen great ideas fail and doubtful ones miraculously explode. We got our hands dirty. We proudly expose our scars. Our passion lays at making the world cleaner, lands greener, people healthier - therefore we help leaders drive this change.

AMERICAN INDUSTRIAL ACQUISITION CORPORATION36 +65 6841 2311

American Industrial Acquisition Corporation is an investment firm based in New York City. The firm seeks to invest in the manufacturing, aerospace, automotive, truck, rail, appliance, power generation, mining, oil and gas, packaging, pulp and paper, medical equipment, and pharmaceutical sectors. AIAC is an industrial manufacturing-focused group. We look to acquire manufacturing companies from the largest corporations in the world. We were founded on the principle of acquiring under-performing companies and helping those companies to survive and thrive.Established in 1996, our portfolio consists of 78 manufacturing and distribution sites with over 8,500 employees in 24 countries in North America, Europe, and Asia.

PRIMESTREET CAPITAL3 +66 2 613 1739

We give importance to environmental accountability, social responsibility, and ethical governance in all of our investments. We invest to make an impact to accelerate financial returns responsibily, but also to build a collaborative global network of entrepreneurs and business owners helping to solve the challenges of the 21st Century Economy.Our Venture Capital funds are global focused, investing in Pre-Series A to Series A mega trend high-growth companies (Startups) focusing on technologies and themes dealing with global urbanization to help support transformation of how we build our our communities and improve quality of life.Our Growth Capital funds are global focused, investing in id to late Series A, Series B, and Pre – IPO mega trend growth companies (Growth SME) focusing on resilient business models primed to lead in the reimaging of our New Normal.Our Real Estate funds are global focused, investing in commercial, hospitality, industrial, residential properties, land, and real estate related businesses to help to help reimagine real estate products, to create long term resilience, and to introduce new experiences as we transition out of the global COVID -19 pandemic.

THAILAND BOARD OF INVESTMENT, AUSTRALIA4 +66 2 553 8315

Thailand Board of Investment, Australia (BOI Sydney Office) is the Thai government agency under the Office of the Prime Minister of Thailand as well as the Royal Thai Consulate-General, Sydney. BOI Sydney Office is mainly in charge of providing assistance to any interested investors in the Oceania, esp. Australians and New Zealanders who seek the currently available tax and non-taxed incentives and legally governmental support for their business establishment/operation in Thailand.Specialties:All advice on investing in Thailand, taxation, identification of potential suppliers/ subcontractors and business partners and costs of doing business in this country are free of charge.Service Overview:Enhancing competitiveness and investment facilitation• Offers an attractive and competitive package of tax incentives such as corporate income tax exemption for up to 8 years, exemption or reduction of import duties on machinery and exemption or reduction of import duties on raw materials• Imposes no foreign equity restrictions on manufacturing activities or on some services• Provides assistance in the provision of visas and work permits to facilitate entry and subsequent operation for a foreign-owned business• Waives restrictions on land ownership by foreign entitiesBusiness support services• Provides comprehensive information and advice on establishing operations in Thailand• Arranges site visits• Identifies potential suppliers, subcontractors, joint-venture partners• Provides useful contacts with key public and private organizations• Coordinates between the foreign business community and other public agencies

MITCHELL GROUP18 +61 7 3722 7277

Since 1969, the Mitchell Group have successfully developed and invested in companies that innovate, create value and do things in a better way. This philosophy of “Finding a better way” continues to guide the group today, in developing and growing businesses and investments. We invest across all major asset classes with a focus on private equity and the resources industry. With over 300 employees across the group, the Mitchell Groups has wide ranging capabilities in project development, operations, and business growth.

SINGAPORE DEEP-TECH ALLIANCE33 +65 6631 8482

Singapore Deep-Tech Alliance (SDTA) partners founders to rapidly build, validate, and scale ClimateTech startups from technologies designed for the Energy, Healthcare, Manufacturing, and Semiconductor industries through a public-private partnership with Corporates, Investors, Research Institutions, and Government and Regulatory Agencies.Our vision is to be the worlds most impactful venture builder that uses advanced technologies to fast-track the global goals.Join our ventures to solve societal challenges today.

COALITION CAPITAL PARTNERS PTE. LTD.5 +65 9681 8774

Coalition Capital Partners is a Control Oriented Special Situations Investor. We focus on our strengths which are the Key Private Equity Investment Return Factors in Asia in originating good value based deals and adding value by helping shape our Investee Companys organisation for profitable change to generate long term risk efficient 20% USD IRRs Returns.We are founded by Asian Private Equity industry veterans that have been investing in Asia since the 1990s and are supported by Alternative Asset Platforms and Multi-Family offices on a deal by deal basis.

Top Fund Management Companies in Thailand

Key Statistics from 2022

In 2022, while the fund management industry's direct contribution to GDP remains modest at 0.45%, with a total value of THB 101 billion (USD 3.02 billion), its indirect economic impact is far more substantial. The industry provided employment opportunities for over 35,000 professionals, representing approximately 0.09% of the Thai labor force.

Factors Contributing to Growth and Success

The Thai government has played a crucial role in promoting the growth of the fund management industry. It has implemented several policies and initiatives to create a favorable investment environment and attract foreign investment. For example, the government has introduced various tax incentives, streamlined regulatory procedures, and established the Thailand Investment Fund Association (TIFA) to promote the fund management industry.

The country's growing economy and increasing investor demand for investment opportunities have also contributed to the growth of the fund management industry. With a stable political environment and a growing middle class, Thailand is becoming an attractive destination for investment, both locally and globally.

Industry Growth and Comparison to Previous Years

The fund management industry in Thailand has been growing steadily in recent years. According to the TIFA, the total asset under management (AUM) of the fund management industry in Thailand reached THB 6.2 trillion in 2021, a 13.6% increase from 2020. This growth can be attributed to the increasing demand for investment opportunities and the government's efforts to promote the industry.

Key Trends

Technological disruptions have been a significant trend in the fund management industry in Thailand. Many companies have adopted new technologies to improve the efficiency and effectiveness of their investment processes. For example, some companies have introduced artificial intelligence and machine learning to analyze market trends and make investment decisions.

Another trend in the fund management industry is the growing popularity of sustainable and socially responsible investments. More investors are becoming conscious of the environmental and social impact of their investments and are turning to sustainable and socially responsible investment options.

Challenges

The fund management industry in Thailand faces several challenges. One of the major challenges is the lack of financial literacy among the public. Many people in Thailand are still unaware of the benefits of investing and how to invest wisely. Therefore, the government and the private sector need to invest in financial education to encourage more people to invest.

Another challenge is the competition from other investment options, such as real estate and gold. These options have been traditionally popular in Thailand, and it is challenging to shift investor behavior towards fund management. The fund management industry needs to continue to innovate and offer attractive investment options to attract investors.

Future Outlook

The fund management industry in Thailand has a promising future. The country's stable political environment, growing economy, and increasing investor demand for investment opportunities will continue to drive the industry's growth. The government's commitment to promoting the fund management industry and creating a favorable investment environment will also play a significant role in the industry's growth and success.

To sustain the industry's growth, the fund management industry needs to continue to innovate and adopt new technologies to improve investment processes. Additionally, the industry needs to continue to promote financial literacy and offer attractive investment options to attract more investors.

Overall, the fund management industry in Thailand is a growing and promising sector that has the potential to contribute significantly to the country's economy. The government's efforts to promote the industry, along with the increasing investor demand for investment opportunities, will continue to drive the industry's growth. The fund management industry's potential for sustainable and socially responsible investments and the adoption of new technologies will also contribute to the industry's growth and success.

Conclusion

In conclusion, the fund management industry in Thailand is a growing and promising sector with significant potential for sustainable development. The government's commitment to promoting the industry, along with the increasing investor demand for investment opportunities, is driving the industry's growth. Technological disruptions and the growing popularity of sustainable and socially responsible investments are also shaping the industry's future. The fund management industry in Thailand has a bright future, and it is essential to continue to innovate and promote financial literacy to sustain its growth and success.

Furthermore, the fund management industry in Thailand can also benefit from the integration of digital technologies. With the emergence of financial technology (fintech), the fund management industry can streamline its operations and offer more personalized services to its clients. Fintech can provide an opportunity for the fund management industry to reduce costs, increase efficiency, and offer new investment products and services to meet the evolving needs of investors.

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By Melissa Goh
Published on 29 May 2023