Status: Approved investment
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Why disclosure?

FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more

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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

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
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)