Saturday, 30 May 2015
Last updated 20 hours 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."
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…