Exclusive: Anthem Asia to raise $40-50m for SME fund, IFC mulling up to $15m funding

Exclusive: Anthem Asia to raise $40-50m for SME fund, IFC mulling up to $15m funding

Old Bagan, Myanmar. Photo by Robert Collins on Unsplash

Private equity firm Anthem Asia is raising $40-50 million for its Myanmar SME Venture Fund, according to an investment disclosure by International Finance Corporation (IFC). The World Bank arm disclosed it is considering investing up to $15 million in the fund.

The proposed funding by IFC includes up to $7.5 million in equity investment and a co-investment of up to $7.5 million by the IDA18 IFC-MIGA Private Sector Window (PSW).

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