IFC Puts $10M In Sri Lankan PE Fund

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."


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...