Jollibee's JWPL pledges $66.76m to Titan Fund II for F&B sector growth

It will hold a 90% stake in Titan Fund II.

Jollibee Foods Corporation (JFC) has announced that its wholly owned subsidiary, Jollibee Worldwide Pte. Ltd. (JWPL), has pledged participation and capital commitment to Titan Dining II LP (Titan Fund II).

Titan Fund II, with a fund size of $74.18m (S$100m) aims to drive strategic investments in the food and beverage sector across the Asia Pacific region.

JWPL will hold a 90% stake in Titan Fund II, amounting to a capital commitment of $66.76m (SGD$90m). 

The fund will be overseen by Titan Dining Partners II Ltd., comprising seasoned individuals with extensive expertise in the food and beverage industry across the Asia Pacific Region.

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The move aligns with JFC's expansion strategy as it continues to grow its store network, reaching 6,902 outlets worldwide, including 3,336 in the Philippines and 3,566 internationally.