Private equity investors set up association in Myanmar

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Private Equity Investors Set Up Association In Myanmar

A group of leading private equity firms in Myanmar launched the Myanmar Private Equity & Venture Capital Association this month to give institutional investors a collective voice when engaging with the Myanmar authorities and act as a link to regional companies and markets, Myanmar Times wrote.

Founding members are investment firms Anthem Asia, Delta Capital, Japanese Daiwa PI Partners, London-listed Myanmar Strategic Holdings, Yangon Capital Partners and YGA Capital.

“This launch marks a milestone in the development of the Myanmar economy since the country started opening up in 2012. The investment community has reached critical mass,” said the association’s chairwoman Josephine Price, who is co-founder and managing director of Anthem Asia.

Since 2012, Myanmar attracted the interest of private equity investors looking for promising opportunities in the country. In 2018, startups in Myanmar raised around $62 million, of which, for example, online travel firm Oway secured $14.7 million from Japanese multinational business conglomerate Daiwa and the World Bank’s International Finance Corporation.

This year, U.K. government-owned Commonwealth Development Corporation has invested $30 million into Internet service provider Frontiir, the parent company of Myanmar Net, as the first direct equity investment in the country.

Other startups which received capital investment include online property portal ShweProperty.com and online logistics app Kargo.

The Myanmar market is relatively nascent compared to neighbouring countries, and private equity and venture capital investments can inject much-needed capital for companies to grow as well as bring in and good corporate governance practices.

The association will support its members by acting as an access point for investors, offering networking opportunities and promoting understanding of the role venture capital and private equity play in economic growth. It will also focus on helping regional and international investment groups understand more about the Myanmar market and assist institutional investors in navigating the Myanmar bureaucracy.

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A group of leading private equity firms in Myanmar launched the Myanmar Private Equity & Venture Capital Association this month to give institutional investors a collective voice when engaging with the Myanmar authorities and act as a link to regional companies and markets, Myanmar Times wrote. Founding members are investment firms Anthem Asia, Delta Capital, Japanese Daiwa PI Partners, London-listed Myanmar Strategic Holdings, Yangon Capital Partners and YGA Capital. “This launch marks a milestone in the development of the Myanmar economy since the country started opening up in 2012. The investment community has reached critical mass,” said the association's chairwoman...

Reading Time: 2 minutes

Private Equity Investors Set Up Association In Myanmar

A group of leading private equity firms in Myanmar launched the Myanmar Private Equity & Venture Capital Association this month to give institutional investors a collective voice when engaging with the Myanmar authorities and act as a link to regional companies and markets, Myanmar Times wrote.

Founding members are investment firms Anthem Asia, Delta Capital, Japanese Daiwa PI Partners, London-listed Myanmar Strategic Holdings, Yangon Capital Partners and YGA Capital.

“This launch marks a milestone in the development of the Myanmar economy since the country started opening up in 2012. The investment community has reached critical mass,” said the association’s chairwoman Josephine Price, who is co-founder and managing director of Anthem Asia.

Since 2012, Myanmar attracted the interest of private equity investors looking for promising opportunities in the country. In 2018, startups in Myanmar raised around $62 million, of which, for example, online travel firm Oway secured $14.7 million from Japanese multinational business conglomerate Daiwa and the World Bank’s International Finance Corporation.

This year, U.K. government-owned Commonwealth Development Corporation has invested $30 million into Internet service provider Frontiir, the parent company of Myanmar Net, as the first direct equity investment in the country.

Other startups which received capital investment include online property portal ShweProperty.com and online logistics app Kargo.

The Myanmar market is relatively nascent compared to neighbouring countries, and private equity and venture capital investments can inject much-needed capital for companies to grow as well as bring in and good corporate governance practices.

The association will support its members by acting as an access point for investors, offering networking opportunities and promoting understanding of the role venture capital and private equity play in economic growth. It will also focus on helping regional and international investment groups understand more about the Myanmar market and assist institutional investors in navigating the Myanmar bureaucracy.

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