Kasikorn Vision Shanghai partners with StepStone.
KASIKORN VISION (SHANGHAI) PRIVATE FUND MANAGEMENT partners with StepStone Group, marking the first and only RMB private equity fund managed by a subsidiary of a Thai Bank
KASIKORN VISION (SHANGHAI) PRIVATE FUND MANAGEMENT CO., LTD. (KVPE), a subsidiary of KASIKORNBANK FINANCIAL CONGLOMERATE, has signed a private equity advisory agreement with StepStone Group (China) Ltd., a subsidiary of StepStone Group Inc. (Nasdaq: STEP), a global private markets solution provider. The agreement aims to enhance investment management capabilities and provide investors in Thailand and Southeast Asia with access to investments in China’s high-tech companies. Additionally, this collaboration is intended to offer investors greater opportunities to generate returns for their investment portfolios in order to diversify risks and unlock opportunities for higher yields outside of Thailand.
Mr. Pattarapong Kanhasuwan, KBank Executive Vice President, said global economic turbulence and geopolitical tensions have prompted China to shift its strategy towards greater self-reliance. The country is focusing on maintaining economic stability through high-quality growth and sustainable development, emphasizing the creation of homegrown innovations and cutting-edge technologies. This includes emerging industries such as artificial intelligence (AI), large language models, humanoid robots, electric vertical take-off and landing (eVTOL) vehicles, advanced manufacturing, and clean technology. As a result, this period marks a critical time for increased fundraising demands from Chinese businesses.
In response to investment trends and opportunities, KASIKORN VISION (SHANGHAI) PRIVATE FUND MANAGEMENT CO., LTD. (KVPE), also known as Kasikorn Vision Shanghai, recently signed a private equity advisory agreement with StepStone Group (China) Ltd., which has been operating in the Chinese market for over 15 years. StepStone specializes in managing alternative assets, including private equity, private real estate, infrastructure, and private debt, with an extensive network for fostering collaboration with investors and fund managers worldwide. Under this partnership, StepStone will provide strategic advisory services to KVPE, leveraging data and in-depth analysis to support effective investment decisions and risk management, while enhancing the investment process to ensure greater rigor and transparency. This collaboration aims to strengthen KVPE’s capabilities and services, enabling the firm to offer diverse and high-potential investment opportunities in the Chinese market, particularly in private equity, including access to investments in China’s high-tech companies which are thriving, thanks to support from the Chinese government. This addresses the needs of Thai and Southeast Asian investors seeking portfolio diversification and additional returns beyond domestic investments. This collaboration will make KVPE the first and only RMB private equity fund managed by a subsidiary of a Thai Bank.
Mr. Weichou Su, Partner and Head of Asia at StepStoneGroup stated, “The Chinese market has immense potential and that now is an opportune time for investment. The collaboration of the two parties will allow global investors to allocate assets efficiently and generate investment returns through companies with high growth potential. This partnership will strengthen KBank’s business expansion abroad and open channels for investors from Thailand and other Southeast Asian countries to access high-quality private funds in China.”
กสิกร วิชั่น เซี่ยงไฮ้ จับมือ StepStone เสริมความแข็งแกร่งลงทุนในหุ้นนอกตลาดสกุลหยวน
