According to the bank's website, "the Fund will also seek a limited number of opportunities in other ASEAN-based companies which will typically have a strategic interest in, or growth plans to, Cambodia and Laos. The Fund will target growth-oriented sectors, including consumer, financial services, healthcare, and education. The fund will be supported by the IDA19PSW Blended Finance Facility, created by the World Bank Group to catalyze private sector investments in IDA countries with a focus on fragile and conflict-affected states."
Expected development impact includes i) access to equity capital for fund investees, namely SMEs; and ii) deepening the PE landscape in the region, particularly in Cambodia and Laos.
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