PrimeStreet Capital, a Thailand-based global private equity firm managing funds under an aggregate commitment from its investors of more than five billion Thai Baht, has announced its participation in the AMEXCAP SUMMIT 2023 to share its perspectives on existing investment opportunities and challenges arising from the current economic climate.
As a premier event to be held in Mexico City, the AMEXCAP SUMMIT 2023 brings together the world's elite investors, business leaders, and top representatives from the public and private sectors around the world. The event is the pinnacle of private equity and venture capital gatherings for the year.
After the event, PrimeStreet Capital will set off a journey to meet with partners, target companies and venture capital fund managers both in Mexico and the US, and attend the bell-ringing ceremony for Nasdaq's first trading day for ZAPP, one of its portfolio companies, reaffirming their success in fund management.
Supavat Nam Cholvanich, co-founder and partner of PrimeStreet Capital which is a fund management arm of PrimeStreet Group with operations spanning Thailand and the US, has announced his attendance at the AMEXCAP SUMMIT Private Equity and Venture Capital 2023, taking place in Mexico City on March 28-29, 2023.
He said, "PrimeStreet Capital has earned the privilege of being one of a few fund managers from Asia to be part of the panels presenting insights into investment prospects, the importance of ecosystems for sustainable business growth, and challenges experienced under the current economic conditions. Investors, entrepreneurs, and top executives from various public and private sectors from around the world will have a great exposure from this event."
"Mexico City currently has a very strong ecosystem to nurture the growth of startups. It has become a notable landmark for tech firms and startups in South America. Each year witnesses many businesses growing at rapid rates. It has become a magnet that attracts substantial investments from around the world. PrimeStreet Capital has made investment in a FinTech unicorn, Clip, which specializes in the development of payment processes, supporting Mexico's economy to transition toward a cashless economy in a secure and efficient way. As a result of its success, Clip has become a leader in the digital payment system and trading platform market, reaching a current valuation of over $2 billion," added Nam.
Additionally, PrimeStreet Capital has invested in a British startup, ZAPP. The startup specializes in the design and manufacture of high-performance electric vehicles. In April 2023, the company will debut its initial public offering on the Nasdaq Stock Exchange, with its value over $ 800 million. PrimeStreet Capital will join the podium for the bell-ringing ceremony for its first trading day on Nasdaq, underscoring the success of its investment management.
Moreover, PrimeStreet Capital's partners will travel to meet with partners, target companies and venture capital fund managers to look into investment opportunities both in Mexico and the US. They will also meet with people in the ecosystem to exchange ideas and perspectives, as well as seek opportunities for taking their business to the next level.
PrimeStreet Capital manages funds by leveraging expertise of experienced executives and a team of qualified experts in accordance with an investment policy that fosters long-term growth and yields a broad spectrum of positive results. PrimeStreet Capital is determined to bring about the transformation that helps tackle the economic and societal challenges of the 21st century.
Through its proactive investment strategy, known as the "active approach," PrimeStreet Capital aims to assist its portfolio companies and provide insight into corporate strategy, operations, and financial management for them, resulting in risk reduction while enhancing efficiency and leading to strong growth and sustainable value creation for the businesses. The active approach combines expertise in investment banking and management consulting from another 2 firms within PrimeStreet Group under supervision of Rewin Pataibunlue, Founder and Group CEO.
PrimeStreet Capital currently manages three funds including:
RP Venture Alliance Fund I
With $30 million secured capital, this venture capital fund invests in startups conducting businesses in line with the megatrends, having high growth potential, having capabilities to address issues related to environment and resources, health and healthcare, improvement in society and quality of life. The fund has also been designed to invest in technologies that contribute to enhancing and improving the global economy.
RP Growth Alliance Fund I
This $30 million private equity fund follows a policy of focusing its investments in targets that range from medium-sized SMEs to companies in the pre-IPO stage. These targets operate businesses in line with the megatrends with focus on environment and resources, health and healthcare, technologies that lead to economic improvement, post-COVID-19 societies and lifestyles.
RP Real Estate Alliance Fund I
This $100 million fund has been set up to invest in high-quality assets covering hotels, commercial complexes, residential properties, land, etc. The fund is also designed to invest in businesses related to real estate in an effort to bring in a new wave of experiences in the digital economy post-COVID-19.