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SIFEM invests USD 15 million in regional fund to support growth in Southeast Asia

 | Portfolio

The Swiss Investment Fund for Emerging Markets (SIFEM) has invested USD 15 million in the Navis VIII Cambodia Laos Myanmar Vietnam (CLMV) Sub-Fund. The Southeast Asian countries which are targeted by the Navis VIII Sub-Fund have been facing a general funding gap, which has become even more acute with the impact of the COVID-19 crisis.

SIFEM invests USD 15 million in regional fund to support growth in Southeast Asia

The Swiss Investment Fund for Emerging Markets (SIFEM) has invested USD 15 million in the Navis VIII Cambodia Laos Myanmar Vietnam (CLMV) Sub-Fund. The Southeast Asian countries which are targeted by the Navis VIII Sub-Fund have been facing a general funding gap, which has become even more acute with the impact of the COVID-19 crisis.

SIFEM’s regional partner in this investment, Navis Capital Partners, is an established private-equity firm and among the few which are filling this funding gap by providing stable and long-term capital to local companies, which in turn can help boost economic growth and development in the region. Also, the co-investment structure – with SIFEM, Norfund (Norway) and the World Bank’s IFC featuring as co-investors – is a promising way to channel mainstream investors’ capital to higher risk geographies, particularly LDCs. The overall size of the Sub-Fund is USD 150 million.

The Sub-Fund will focus on generalist yet competitive sectors, including education, healthcare, consumer goods and retail. The investment is expected to contribute to sustainable job creation across the region as well as to the mobilisation of private capital. Also, the investment is expected to make a contribution to gender equality.

Contact : Simon Denoth, SIFEM Head of Public Affairs, +41 31 310 09 38, sdenoth@obviam.ch

Navis Capital Partners

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