BANGKOK -- Ally Kex Private Equity Trust, Thailand's first private equity trust dedicated to real estate and open to retail investors, has received seed funding of 2 billion baht ($55 million) from Thai-based mall developer K.E. Group, according to an announcement. The capital will be invested in late-stage property projects whose developers are facing liquidity problems.
DealStreetAsia
Private equity trust Ally Kex receives $55m for Thai property bets
Seed funds will be used to acquire late-stage real estate projects
Thailand's Ally Kex is eyeing cash-strapped properties in nearly completed projects in the Bangkok area. (Source photos by AP and Ally Kex)
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