MIC, CP Group join forces for US$1B fund focused on agri, digital, energy sectors in Philippines

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MIC, CP Group join forces for US$1B fund focused on agri, digital, energy sectors in Philippines - e27

Quick Summary:

The Maharlika Investment Corporation (MIC), the steward of the Maharlika Investment Fund (MIF)—the Philippines’ first sovereign wealth fund—has partnered with CP Group, one of Thailand’s leading integrated conglomerates, to launch a private equity (PE) fund with a target size of up to US$1 billion.

Further details on its specific investment strategies and participating investors are expected to be released in the coming months.

Beyond financial returns, the MIC is committed to impact-driven investments that will help shape the future of the Philippines and elevate the quality of life for Filipinos.