Silk Road to Take Stakes in Three Burma Projects
2 November 2012
Silk Road Management, an investor in frontier markets, is set to make the first private-equity deals in Burma with stakes in three projects by the end of the year, according to a report by Bloomberg. The company raised US $25 million from investors in Mongolia, Russia and oil-rich countries in the Caspian region for its Myanmar Human Capital Fund, which closed in September. The fund will invest in knowledge-driven industries such as the Internet, IT, education and health care, said Alisher Ali, the managing partner at Silk Road. He declined to say which companies were involved in the projects.