North Haven Thai Private Equity Fund L.P. (IFC-38609)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • Thailand
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 23, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
NORTH HAVEN THAI PRIVATE EQUITY L.P.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 15, 2019

Disclosed by Bank Jun 19, 2017


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Project Description

North Haven Thai Private Equity L.P.  is a generalist private equity fund with an initial 10-year term targeting mid-market companies with significant operations in Thailand. The Fund is seeking to raise up to $300 million in total committed capital. This project has the following expected development impact in the following areas:

1. Implementation of an Environment and Social Management System by the Manager and subsequent implementation of Environmental, Social and Governance best practices at portfolio company level

2. Economic growth, job creation and expansion of local businesses that is expected to come through the business growth of the portfolio companies and;

3. Private sector development as the Fund will be actively involved in the business strategy and operations of the portfolio companies.

Investment Description
  • International Finance Corporation (IFC)

The Fund will be managed by Morgan Stanley Private Equity Asia, Inc., a private equity manager affiliated with Morgan Stanley (the “Manager”). The Fund will be led jointly by its Co-Heads, Eric Ma and Chong Toh.

Private Actors

North Haven Thai Private Equity L.P. is a generalist private equity fund with an initial 10-year term targeting mid-market companies with significant operations in Thailand.

The Fund will be managed by Morgan Stanley Private Equity Asia, Inc., a private equity manager affiliated with Morgan Stanley. The Fund will be led jointly by its Co-Heads, Eric Ma and Chong Toh. It operates as an investment advisory company. The Company also offers management investment services, investment funds services, and other services.

Contact Information

Project Contact: Eric Ma
Co-Head, North Haven Thai Fund, Morgan Stanley Private Equity Asia 
Telephone No.: +66 2207-2522
Email Address: Eric.Ma@morganstanley.com
Office Address: Level 29, The Offices at Centralworld, 999/9 Rama I Road, Kwaeng Pathumwan, Bangkok, TH-10 10330

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