A group of experienced executives in the real estate sector has collaborated with major financial institutions to launch the “ALLY KEX Private Equity Trust”, a private equity trust aimed at investing in Thailand's real estate business. This trust was established with initial funding from KE Group, a major real estate group known for developing high-end projects such as The Crystal, Crystal Design Center (CDC), and Crystal Solana. The trust will be managed by Mr. Adrian Lee, former CEO and COO of Raimon Land Public Company Limited.

The ALLY KEX Private Equity Trust aims to assist real estate operators seeking liquidity by providing final funding to develop existing projects, enabling operators to generate revenue and achieve success more quickly while also enhancing the necessary liquidity for further business expansion.

Mr. Panal Leelamanit, Managing Partner of the ALLY KEX Private Equity Trust stated that the COVID-19 pandemic has significantly altered the business environment. If real estate operators have a strong cash position, it will allow them to continue operations and benefit when the real estate market recovers. However, during times of financial imbalance for operators, coupled with market volatility from various factors, we see this as a crucial opportunity for our investors to participate in real estate projects that continue to perform strongly in the market while operators manage liquidity to prepare for when they need to shift investment goals and take on risks as rapidly growing market segments change and new products emerge post-COVID-19.

The ALLY KEX Private Equity Trust has three managing partners: Mr. Adrian Lee, Mr. Panal Leelamanit, and Mr. Thanyathorn Nattatham, all of whom have experience and expertise in the real estate business. The private equity trust has an investment committee composed of real estate experts, including Mr. Kawiphan Iamsakulrat, Chairman of KE Group, and Ms. Suphin Mechucheep, CEO of Jones Lang LaSalle (Thailand) Limited. The ALLY KEX Private Equity Trust was established to connect existing funding sources with growth opportunities in the real estate business.

Mr. Adrian Lee, Managing Partner of the Trust said, “I am very excited to partner and work with many real estate experts to collaboratively develop new ideas in financing for the real estate business. I believe that the guidance and oversight of the experienced investment committee, combined with the expertise and excellent energy of the team, including myself, will enable us to generate good returns for all our investors.”

“The structure of the Private Equity Trust is the first legal structure in Thailand that allows the general public to invest in private assets. Currently, the Thai real estate market has only a few players involved in private equity funds, most of which are hidden within limited company structures governed by shareholder agreements, private equity funds registered in Singapore, or family offices with no investment reports.”

Mr. Thanyathorn Nattatham, Managing Partner said, “The market environment is changing, with more new players entering, each with increasing expertise in real estate products. We believe that regulators will soon begin to set licensing standards for private equity in general and real estate private equity in the near future, making the industry direction more standardized and efficient, especially regarding returns and lower fees for managers, higher control standards, and more resources and transparency for selecting investment products. However, at this time, we consider ourselves one of the pioneers (private equity for real estate investment) and have created this to gain an advantage as the first to act.”

The private equity trust plans to allocate funds to approximately 8 to 10 projects within the first half of 2023.

For more information about ALLY KEX Private Equity Trust, please visit kexpe.com.