Philippine Wealth Fund, CP Group Launches $1B Private Equity Fund

The Philippines’ sovereign wealth firm, Maharlika Investment Corp., has entered into a partnership with Thailand’s CP Group to launch a private equity fund with a target size of up to $1 billion. This marks Maharlika's second major investment initiative in less than a month, further solidifying its role in the nation’s economic development.

The newly established private equity fund will target investments across key sectors such as agriculture, e-commerce, and sustainable energy in the Philippines. According to Maharlika CEO Rafael Consing Jr., the fund aims to secure its first capital close within the next nine months, after which it will begin deploying funds into various opportunities within these sectors.

This venture is expected to generate significant returns while also contributing to the Philippines’ economic growth, Consing added.

This latest move follows Maharlika’s recent announcement in January 2025, where it revealed plans to acquire a 20% stake in Synergy Grid & Development Phils. Inc., a China-backed company responsible for managing the nation’s power transmission system. The deal, valued at 19.7 billion pesos ($339 million), is Maharlika’s first investment since its formation in 2023, and it is expected to provide the firm with a dividend yield of around 6% over the first three years.

Maharlika's expanding investment strategy demonstrates its active role in shaping the future of key industries in the Philippines while supporting sustainable growth and development.