Destination Capital PTE., LTD., (DC) and KTB Securities (Thailand) Public Company Limited (KTBST SEC) is delighted to announce the launch of DESCAP 1 Private Equity Trust, which will acquire hotels in Thailand targeting investor returns of up to 15% per year. This announcement comes after DC signed agreements with KTB Securities (Thailand) Public Company Limited (KTBST SEC) as the settlor and the Trust Manager and MFC Asset Management Public Company Limited (MFC) as the Trustee, to capitalize and launch DESCAP 1 Private Equity Trust.
The objective of DESCAP 1 Private Equity Trust is to raise THB 2.5 billion through its trusted partnership with KTBST SEC and MFC, offering an alternative asset class for investor portfolios. The trust will acquire freehold four star hotels of 150 – 250 rooms in prime destinations of Bangkok, Pattaya, Hua Hin and Phuket which are viewed as destinations expected to rebound the quickest after COVID-19.
DESCAP 1 can enhance asset value through Destination Capital’s proven strategies and track record including renovation and repositioning of the assets. Investing in DESCAP1 is in a low-volatile asset class with superior risk-adjusted return expected at 15% p.a. ++. Besides, investing in DESCAP1 is also a way to support and rejuvenate Thai travel and tourism industry.
DESCAP 1 Private Equity Trust has target commitment amount at THB 2.5 billion with five years plus two one-year-extension of investment term. The trust has the target return at 15% per annum.
The target group of DESCAP 1 Private Equity Trust is institutional and/or High-Net-Worth Investors with the minimum investment amount of THB 200 mm per person and it is planned to launch during November 2020. In case the investment amount is less than THB 200 mm, High-Net-Worth Investors can invest through the Mutual Fund.
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