MANILA: Maharlika Investment Corp (MIC) is set to make its next major business move with an upcoming US$100mil investment in a billion-dollar private equity fund that it will create with Thai conglomerate Charoen Pokphand Group Co Ltd (CP Group).
In a statement, MIC, the state-owned startup managing the country’s sovereign wealth fund, said a memorandum of understanding that it signed with the CP Group over the weekend would lay the groundwork for the establishment of the fund, which is targeted to raise up to US$1bil in capital.
