Thai multifamily investment firm Blueprint Forest launched a $120 million private equity fund focused on Southeast Asian companies, DealStreetAsia reported Oct. 15, citing a company statement.

The fund will invest in businesses across financial services, consumer brands, supply chain and real estate sectors and may also consider distressed assets, according to the report.

Blueprint Forest plans to make approximately two to three platform investments over the course of five years. Private equity and distressed debt platform 9 Basil Co. Ltd. will manage the investments.