FRONTIER BANGLADESH II (PARALLEL) LStatus: Approved investment
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Who is our customer
FMO has committed funds to Frontier Bangladesh II LP, a fund targeting mid-sized companies in the underdeveloped Private Equity market in Bangladesh. Frontier II will be managed by Brummer & Partners.
What is our funding objective?
Frontier Bangladesh II is dedicated to investing in mid-sized companies in Bangladesh in need of growth and/or expansion capital with equity and equity-related securities. Sectors will include retail, consumer goods, pharmaceuticals, healthcare, garments and textiles, ceramics, food and agri, real estate and information technology.
Why do we fund this investment?
FMO has invested in the Fund as Bangladesh is a poorest 55 country with an underdeveloped Private Equity fund sector. The investment fits FMO's strategy to help develop private equity markets. Bangladesh, however, is a steadily growing economy with a number of strengths: a large working middle class population with increased spending power, low labour costs supporting a strong export sector and high remittances from a large workforce abroad.
- Infrastructure, Manufacturing and Services
- Effective date
- Total FMO financing
- USD 7.40 MLN
- FMO NV
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)