new version available

Newsletter Sign Up

Please enter your email to receive FREE venture capital and private equity special offers, news, and information!

Your Name: 

Your Email:  

June 22, 2009

First Private Equity Fund for Sri Lanka

Filed under: Venture Capital News — admin @ 7:02 am

After 30 years of civil war, Sri Lanka opens a gate for investors. The first Private Equity fund focused on Sri Lanka is launched by Calamander Group from Singapore. Calamander is raising funds from Asian investors, especially investors from India.

The island of Sri Lanka is seen as an economic market belonging to India. Calamander bases its strategy on the belief that Indian investors will see the great potential of Sri Lanka. Asian and Indian investors will make their investments in the PE fund in the following 18 months. The fund is expecting a return of approximately 35%.

The fund will focus on investing in the rubber, ceramics, coconut, tea, timber and bank industries. The fund will not invest in industries like tourism, tea plantation and textile. Calamander Group targets in Sri Lanka investments worth $40 million. These investments are in the banking, rubber, tea and coconut industries.

Although this is the first PE fund for Sri Lanka, Indian investors have also invested before in the island. Earlier this month, the Government approved an investment of $25 million for a four-star hotel and a convention centre.

Calamander Group is a private equity firm from Singapore specialised in niche opportunities with businesses in real assets like properties, banks, ceramics, rubber, tea, wine, coconut etc. The group is focused on the growing Asian markets. Calamander Group bases its operating philosophy on a hands-on approach that requires deep local knowledge. The group has offices in Singapore, Sri Lanka and Vietnam.


Facebook comments:

Share This Post:  

Try out our Venture Capital Firms
and Angel Investors
database for FREE!

Enter your name and valid e-mail address to download our FREE
investor database trial version, then click the "Get It Now!" button

Your Name:    

Your Email:     

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.



Enter your name and valid Primary Email Address below now to download our FREE trial version, then click the "Get It Now!" button to start the downloading.

Your Name: 

Your Email: 

NOTICE: This is a spam-free site. Your email address will never be sold or traded and you may unsubscribe at anytime.

Tip: VCgate gives you access to 4,500+ venture capital and private equity investors worldwide at the touch of a button.