Silk Road Plans Investments for Myanmar Fund: Southeast Asia
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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 knowledge-driven industries such as the Internet, information technology, education and health care, he said, declining to identify the companies.