EMERALD SRI LANKA FUND I LIMITED
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
The Emerald Sri Lanka Fund I is managed by NDB Zephyr Partners. The fund is a joint venture between NDB Capital, the investment banking arm of National Development Bank PLC, and Zephyr Management, an international fund management group with strong emerging markets credentials. The fund was established to provide risk capital to small- and medium-sized enterprises (SMEs), typically in sectors in the Sri Lankan economy where high growth is foreseen.
What is our funding objective?
FMO is participating in the first close of the Emerald Sri Lanka Fund I, thereby ensuring that the fund will be successfully launched. FMO’s commitment may serve as an additional "stamp of approval" for the fund and may help attract commercial interest in the fund. FMO will also add non-financial value to the fund, by supporting in the implementation of an environmental and social management system.
Why do we fund this investment?
Sri Lanka is a post-conflict country, without an established private equity industry. While Sri Lankan SMEs are expected to benefit from favorable economic conditions, the growth of these businesses will be constrained by the lack of access to equity. Emerald Sri Lanka Fund I will be the largest private equity fund dedicated to Sri Lanka. As the fund has a single focus on the Sri Lankan SME sector, it will play an important role in providing this required capital and thus helping to stimulate economic growth.
- Website customer/investment
- http://www.zephyrmanagement.com
- Region
- Asia
- Country
- Sri Lanka
- Sector
- Financial Institutions
- Effective date
- 12/15/2014
- Total FMO financing
- USD 8.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B