Silk Road to in­vest in Myan­mar Fund

The Pak Banker - - Front Page -

NEW YORK

Silk Road Man­age­ment, an in­vestor in fron­tier mar­kets, will take stakes in three Myan­mar projects by year-end, the first pri­vate-eq­uity deals in South­east Asia's poor­est na­tion as it emerges from five decades of iso­la­tion. The Myan­mar Hu­man Cap­i­tal Fund closed in Septem­ber af­ter rais­ing $25 mil­lion from fam­ily of­fices and wealthy in­di­vid­u­als from Mon­go­lia, Rus­sia and oil-rich coun­tries in the Caspian re­gion, said Alisher Ali, manag­ing part­ner at Silk Road. The fund will in­vest in so-called knowl­edgedriven in­dus­tries such as the In­ter­net, in­for­ma­tion tech­nol­ogy, ed­u­ca­tion and health care, he said, de­clin­ing to iden­tify the com­pa­nies. "Myan­mar's gross do­mes­tic prod­uct may eas­ily dou­ble within five years," Ali said in an in­ter­view by phone from HK on Oct. 31.

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