Ascent Capital launches Myanmar fund backed by Temasek, ADB
Add BT as a preferred source
Singapore
ASCENT Capital Partners, a Singapore-registered fund management firm, has launched its maiden Myanmar-focused private equity fund that counts Temasek Holdings, the Asian Development Bank (ADB) and Philippines conglomerate JG Summit Holdings as investors.
Ascent Myanmar Growth Fund I LP has raised more than US$50 million so far. In an interview with The Business Times, founder and managing partner Lim Chong Chong said the company's target was US$50 million to US$100 million, "so we are quite happy with what we have".
TRENDING NOW
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Can Vietnam’s small-business backbone survive a compliance squeeze – all at once?
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Not in education, employment or training: Why more Hong Kong youths are opting out of work
