Maharlika, CP Group forge $1 billion investment fund

The Maharlika Investment Corp. (MIC) of the Philippines has formed a partnership with Thailand's Charoen Pokphand Group (CP Group) to establish a private equity fund aimed at raising up to $1 billion for investments in agriculture, digital innovation, and sustainable energy. The memorandum of understanding was signed in the presence of President Ferdinand Marcos Jr., and both parties aim to enhance the Philippines' position as a premier investment destination while driving long-term economic growth. A special committee will oversee the fund's project selection and management, with the first capital close anticipated within 9 to 12 months. CP Group, a significant player in agriculture and retail, brings extensive industry expertise and market access to the partnership. This initiative is part of MIC's broader mandate to generate sustainable returns that align with national economic priorities. The collaboration also aims to modernize the agri-food sector, support digital transformation, and expand renewable energy investments.