Wednesday, 1 October 2014
Last updated 1 hour ago
Apr 14 2014 | 10:59am ET
The International Finance Corporation, an arm of the World Bank, will put US$10 million into a Sri Lanka-focused private equity fund.
The US$50 million Emerald Sri Lanka Fund I will be run by NDB Zephyr Partners, a joint venture between New York-based Zephyr Management and Colombo based-NDB Bank group.
The fund will target mall and mid-sized businesses seeking growth.
"The Fund will take significant minority stakes in 10-12 well run companies," said the IFC said in a statement. "The Fund will add value by providing support and expertise on capital structures, financial reporting, business development, management development, corporate governance, strategy etc. to the portfolio companies."
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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