IFC to invest $7.5m in PE fund investing in Cambodia-Laos-Myanmar belt

Photo: IFC.

The International Finance Corporation (IFC), the investment arm of the World Bankis investing up to $7.5 million in Cambodia-Laos-Myanmar Development Fund II, L.P, a generalist private equity fund with a target size of $70 million.

IFC’s equity commitment is capped at 20 per cent of the total commitments in the fund, according to its investment disclosure.

The Fund will focus on investing in small and medium-sized enterprises in Cambodia, Laos and Myanmar.

The Fund will be managed by Singapore-headquartered Emerging Markets Investment Advisers Pte. Ltd, an independent private equity manager. The founding partners of the Fund are Trent Eddy and Joshua Morris.

IFC will also offer advisory suppot to Emerging Markets Investment Advisers particularly towards its expansion into Myanmar, a frontier market with limited precedent for risk capital. IFC will also support the fund manager in capacity-building requirements for potential investee firms and will help strengthen its back office operations.

IFC will take a seat on the fund’s advisory committee and will play an active role in ensuring adoption of fund management and governance best practices.

The investee companies are likely to be sustainable companies, which can get access to an alternative source of long term funding, stated in the announcement of IFC.

IFC’s involvement in the fund is expected to create  sustainable companies in the Fund’s portfolio investments and provide them with access to an alternate source of long term funding. “Strong support by IFC, as a repeat investor, is expected to demonstrate IFC’s confidence in EMIA as a long term partner in Cambodia, Laos and Myanmar and help to deepen and establish Private Equity as an asset class,” according to the filing.

IFC has been fairly active in making both debt and equity investments in companies in Myanmar. It recently proposed extending a debt facility of $21 million to half a dozen microfinance entities in Myanmar. It has also committed investments towards Myanmar industrial port modernisation and retail group City Mart expansion, to name a few.

Also Read:

Exclusive: IFC to extend $21m debt to half a dozen MFIs in Myanmar

IFC to extend $200m financing for Myanmar Industrial Port modernisation

IFC to provide $25m funding for Myanmar’s largest retail group City Mart

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.