Sunday, 21 December 2014
Last updated 1 day 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."
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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