Thai tycoon leads $100 million fund for Southeast Asia property

A member of Thailand’s richest family is partnering with a Hong Kong-based asset manager to invest in luxury real estate in Southeast Asia.

Chatchaval Jiaravanon, part of the billionaire family that owns conglomerate Charoen Pokphand Group, is leading a group of investors in CMAG Funds, the new investment pool managed by Wonder Capital Group. Together, with Thai real estate agency IFCG, they’re targeting high-end properties in the region, with plans to raise as much as $100 million, according to Gigi Chan, founder and chief executive officer of Wonder Capital.

“We truly believe that the Southeast Asia market is one of the most promising opportunities for global investors,” Ms Chan said in a…