Singapore’s Fullerton Fund Management announced that its Thailand-focused private equity fund has made its final deployment through an investment in Aura Wellness.
In a statement, Fullerton said the deal represents the last investment by the Fullerton Thai Private Equity Fund (FTPE), which is now fully deployed across 10 portfolio companies. Financial terms of the Aura Wellness deal were not disclosed.
FTPE targets mid-market businesses in sectors such as consumer, healthcare, industrials, and services that are poised to benefit from Thailand’s long-term economic growth.
The FTPE portfolio includes companies such as Dr. Jill, Nara Thai Cuisine, and GOCO Hospitality, among others, reflecting a diversified exposure to consumer and service-led sectors, per the announcement.
Thailand-based Aura Wellness, the holding company of Aura Bangkok Clinic and Aura Xpress, operates 25 branches across Thailand and specialises in injectables and non-invasive aesthetic treatments.
The company reported revenue of 1.75 billion baht ($48 million) and a net profit of 214 million baht in 2025, underlining strong growth and profitability in recent years.
Fullerton said its investment comes as Thailand’s aesthetic and wellness industry sees sustained tailwinds from rising domestic demand, particularly among millennials and Gen Z consumers, as well as a recovery in medical tourism.
The country has long positioned itself as a regional hub for affordable, high-quality healthcare services, supporting the growth of private clinic networks such as Aura Wellness.
“We are delighted to invest in Aura Wellness and partner with the management team at this pivotal stage of the company’s growth,” said Anisa Keeratiworanan, partner, Private Equity, Fullerton Fund Management.
Fullerton, part of Temasek-backed Seviora, manages investments across public and private markets and serves institutional clients, including sovereign wealth funds, pension funds, and insurers.
In February, Fullerton announced that it completed an investment in Pyro Energie, a Thailand-based recycler of end-of-life tyres, marking its first climate fund investment in Southeast Asia.
