About us

CG Capital: The Private Equity Arm of Central Group

The group

Central Group: A Legacy of 70 Years in Family Business Committed to Sustainable Long-Term Growth

USD 20
BnMarket capitalization
Thailand’s largestREIT
7+MILLION
sqmof retail and commercial space
IPOThailand’s largest
USD 14.35
BnRevenue

With a presence of luxury department stores in major and prominent cities across Europe, Central Group reaches its heights of becoming an international luxury department store leader, and prides itself in its strong and extensive collection of European luxury department stores

First Fund

The First Fund showcases a diverse portfolio within the Central Group, aimed at enhancing the lifestyle and commercial landscape while creating a comprehensive ecosystem under its umbrella that addresses the dynamic needs of today’s consumers.

Strategic board & Key members

Guided by the vision and expertise of family leaders and managed by experienced industry professionals.

Strategic Board

Tos ChirathivatSee detail
Prin ChirathivatSee detail
Pratana MongkolkulSee detail
Poom OsatanandaSee detail

Key Team Members

Phoom ChirathivatManaging Partner, Co-FounderSee detail
Soravit ChairojManaging Partner, Co-FounderSee detail
Charles RubinManaging Director IR, GC and RiskSee detail
Jason DunnManaging Director CIOSee detail
Nuttawat KuvijitsuwanManaging DirectorSee detail
Raksapong NophawongDirectorSee detail
Sustainability & Green certification

The Fund acknowledges that sustainability is a crucial factor in the real estate sector and emphasizes the importance of responsible investing that incorporates sustainable practices.

Enhancing 
Asset Value

Sustainability measures like energy efficiency, water conservation, and waste management reduce operating costs and increase the long-term value of hospitality assets. Green-certified buildings typically achieve higher exit values, as lenders and investors prioritize sustainability and ESG criteria in their capital allocation.

Addressing Hotel 
and Residential Preferences

Hotel guests are increasingly prioritizing environmentally friendly accommodations, reflecting a growing awareness of sustainability. This shift in consumer preference not only influences their choice of stay but also encourages hotels to adopt greener initiatives, enhancing their appeal and contributing to a more sustainable tourism industry.

Green 
Certifications

The Fund is dedicated to pursuing green certifications for our properties, demonstrating our commitment to sustainability. These certifications validate our environmental efforts and enhance our market reputation, attracting eco-conscious investors and guests. By aligning with recognized sustainability standards, we affirm that responsible development is vital for long-term success in hospitality.

No.1

Global Real Estate  Developer in Sustainability

Achieved a Top 1% S&P Global CSA Score and the highest rating in the DJSI World 2023 for Real Estate Management & Development, ranking among 299 leading companies globally in the sector.

6

Consecutive Years 
in DJSI World

10

Consecutive Years 
in DJSI Emerging Markets

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Key Team Members

Raksapong Nophawong

Director

Raksapong Nophawong is the Director at CG Capital with over 20 years of experience in real estate development and civil engineering. He leads greenfield and brownfield projects backed by private equity, driving key initiatives for the company.

Previously, he was Vice President at Nye Estate, where he oversaw landmark projects like Park Silom in Bangkok. He has also held leadership roles at Univentures Plc. and Golden Land, contributing to major developments such as W Hotel Bangkok and The Okura Prestige. Earlier, he managed hospitality projects at The Erawan Group and began his career in infrastructure at Sino-Thai Engineering.

Raksapong holds a Bachelor’s in Civil Engineering from Mahidol University and a Senior Program certificate in Real Estate Development from Chulalongkorn University. He is an accredited engineer with certifications from Wired Score and Smart Score.

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Key Team Members

Nuttawat Kuvijitsuwan

Managing Director

Nuttawat Kuvijitsuwan is the Managing Director of CG Capital. He brings more than 15 years of real estate and marketing experiences. 

Mr.Kuvijitsuwan also serves as the executive director at Koon Estate, a real estate developer behind Kimpton Kitalay Samui, Hyde Park Garden Vibhavadi, the Quarter Collection and Cooper Siam, with combined project value exceeding 10 Billion THB. His expertise spans all commercial aspects of residential and hospitality development, from product design to sales and marketing. Before taking the entrepreneurial route, he advised global brands, such as Coca-Cola, Honda, Sony (Asia Pacific), and PTT Group,. Nuttawat holds a B.A. in Economics from Thammasat University and an MBA from Kellogg School of Management at Northwestern University, USA.

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Key Team Members

Jason Dunn

Managing Director CIO

Jason Dunn is the Managing Director and Chief Investment Officer of CG Capital. With over 20 years of experience in real estate investment, including more than 10 years in Thailand, Mr. Dunn specializes in hotel acquisition, investment, and development. 

Before assuming his current role, Mr. Dunn served as the Head of Lehman Brothers Global Real Estate Fund for North Asia, overseeing real estate investments totaling approximately USD 3 billion.

Mr. Dunn holds a BCA in Accounting and BCom from Victoria University of Wellington. He is also a Chartered Financial Analyst (CFA) in New Zealand.

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Key Team Members

Charles Rubin

Managing Director IR, GC and Risk

Charles Rubin is the Managing Director of Investor Relation, Governance and Compliance, and Risk at CG Capital. Bringing 30 years of experiences in Thailand and SEA, Mr. Rubin’s expertise is in real estate investment, mergers & acquisitions, and legal structuring.

Prior to his current role, Mr. Rubin was the Managing Director and Head of Lehman Brothers Global Real Estate Group for SEA. He oversaw real estate investments and non-performing loans (NPL) totaling approximately USD 2 billion.

Mr. Rubin holds a BA in International Relations and JD from Cornell Law School

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Key Team Members

Soravit Chairoj

Managing Partner, Co-Founder

Soravit Chairoj is the Managing Partner and Co-Head of CG Capital. He brings more than 20 years of real estate and private equity investment experiences internationally, including involvement in more than 30 hotels and serviced residences across Thailand and Southeast Asia.

Mr. Chairoj also serves as the Co-Founder at Koon Estate, contributing significantly to the success of award-winning projects like Kimpton Kitalay Samui, Hyde Park Garden, Cooper Siam, and the Quarter Collection.

Prior to taking on his current roles, Mr. Chairoj had broad experience in a wide range of transactions with Lehman Brothers across Asia including real estate acquisitions, joint ventures, securitization and placement, restructuring workouts, and fixed income trading. 

Mr. Chairoj graduated with honors from Stanford University with a B.A. in Economics and M.S. in Management Science & Engineering. He is a King’s Scholar and a Chartered Financial Analyst (CFA).

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Key Team Members

Phoom Chirathivat

Managing Partner, Co-Founder

Phoom Chirathivat is the Managing Partner and Co-Head of CG Capital. He has over 10 years of experience in private equity, and real estate investment and development in Thailand and Southeast Asia.

In addition to his role at CG Capital, Mr. Chirathivat serves as the Head of Hotels and Alternative Investments at Central Pattana Plc, Thailand’s largest mixed-use developer with over 40 projects nation-wide. Recognized for leading the company’s diversification into new asset classes, he plays a key role in building Central Pattana’s portfolio of hotels, as well as investing in data centers and venture capital.

Before assuming his current roles, Mr. Chirathivat was a VP at L Catterton, the US$1.6 billion LVMH-backed consumer private equity fund.

Mr. Chirathivat is a member of the Excom of Park Hyatt Bangkok and Hilton Pattaya, and Board of Directors of MEGA Bangna,

He holds a BA in Political Science from Tufts University,
and an MBA from UCLA’s Anderson School of Management.