According to the bank document, "the proposed investment is for up to US$25 million in Navis CLMV Co-Investment Fund, L.P. (“the Fund” or “the CLMV Fund”), a US$150 million (target) buyout fund investing into Cambodia, Laos, Myanmar and Vietnam (“CLMV”).
The Fund will be managed by Navis Capital Partners Limited or an affiliate thereof (“Navis”). Also, Navis Partners Limited will co-invest alongside Navis Asia Fund VIII, L.P. and its parallel funds (“Navis VIII”) in investments in the CLMV markets".
Both Navis Asia Fund VIII and Navis CLMV Co-Investment Fund, L.P are managed by Navis Capital Partners Limited. The Fund will primarily invest in businesses in Cambodia, Laos, Myanmar and Vietnam.
The target size of the CLMV Fund is US$150 million. IFC’s proposed investment in the Fund is an equity investment of up to US$25 million, not to exceed 20% of total Fund commitments.
Navis is a Southeast Asian-focused fund manager established in 1998 by its founders, Nicholas Bloy, Rodney Muse and Richard Foyston. Since its formation, Navis has been making control investments in growing businesses across the dynamic economies of Southeast Asia, including CLMV.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Navis Asia Fund VIII, L.P.||Investor||-|
|-||-||-||-||Navis Capital Partners||Parent Company||-|
|-||-||-||-||NAVIS CLMV CO-INVESTMENT FUND, L.P||Client||-|
Navis Capital Partners Ltd
Senior Partner and Chief Operating Officer
+603 2302 3888
Lvl 17, Axiata Tower, 9, Jalan Stesen Sentral V, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia
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