Frontier markets investor EMIA seeks to raise $120m third fund

Joshua Morris, CEO of Emerging Markets Investment Advisers.

Singapore-domiciled private equity firm Emerging Markets Investment Advisers (EMIA) is targeting to raise about $100-120 million for its third fund to invest in Southeast Asia’s frontier markets, according to a top executive of the firm.

EMIA chief executive officer Joshua Morris said the targeted corpus was in line with the opportunities the firm is seeing in its core markets of Cambodia, Myanmar and Laos.

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