The Philippines’ wealth fund Maharlika Investment Corp (MIC) and Thailand’s Charoen Pokphand Group (CP Group) have agreed to establish a private equity fund targeting up to USD1bn for investments in agriculture, food production, digital innovation, and sustainable energy. The agreement was signed by MIC CEO Rafael Consing Jr and CP Group Chairman Soopakij Chearavanont, with Philippine President Ferdinand Marcos Jr witnessing. A steering committee with representatives from both entities will oversee project selection, fund structuring, and investor engagement, with the first capital close expected in 9-12 months. CP Group operates in over 30 countries and brings a century of business expertise, complementing MIC’s mandate to invest strategically in the Philippine economy.