Jade Partners, at the forefront of innovation in Thailand’s real estate sector, stands out as the pioneer of the first private equity trust structure in the country, notably with their flagship fund, ALLY KEX Private Equity Trust. The upcoming Fund 2 – Jade Commercial Private Equity Trust (JCPET) – reinforces their commitment to ground-breaking onshore structures.
Adrian Lee, Ton Panon Leelamanit, and Tun Thunyatorn Nattatum, the managing partners, bring a unique operational perspective, stemming from their backgrounds as developers. Lee emphasizes their operational approach, stating, “We approach the business from the ground up, ensuring projects and investments are operationally sound before delving into the financial aspects.”
The success of Fund 1, ALLY KEX, which focuses on last-mile financing for residential projects in Bangkok, attests to their operational excellence. The fund has achieved substantial returns, exceeding the expected 18-percent internal rate of return. Fund 2 – JCPET, set to be predominantly commercial, responds to market shifts after a decade of residential success.
Lee anticipates a resilient commercial sector, aligning with a shift in market trends. Despite a residential downtrend, Bangkok’s allure as a global tourist destination remains strong. JCPET will target major commercial projects, including retail outlets, office spaces, and iconic hotel redevelopments, tapping into the growing demand for lifestyle-driven purchases among tourists.
Acknowledging Thailand’s significant Japanese population, Jade Partners welcomes collaboration with Japanese partners. With a history of successful ventures with major Japanese developers, the firm’s partners aim to further strengthen these connections.
Jade Partners distinguishes itself not only through its innovative approach but also its local focus. Unlike offshore funds, they operate onshore, governed by The Securities and Exchange Commission of Thailand. Their previous collaboration on ALLY KEX with financial institutions like Kasikorn Private Bank (KPB) and Asset Plus adds to their credibility.
In a saturated market dominated by traditional structures, Jade Partners stands out with a unique blend of operational insight, financial expertise, and institutional support, redefining success in Thai real estate private equity through innovation and local insight.
For more information about Jade Partners, visit http://jade.partners or use Contact Us page.
Also published on Japan Times.
