EMIA to raise up to $120m for Third Fund

Singapore headquartered Emerging Markets Investment Advisers (EMIA) is planning to raise about $100 – 120 million for its third fund amidst the pandemic, according to a Deal Street Asia article.

EMIA, also a founding member of the Myanmar Private Equity and Venture Capital Association (MPE&VCA) will have its third fund focused on investing in frontier markets of Southeast Asia.

The fund is a successor fund of Cambodia Laos Myanmar Fund II (CLMDF II) and Cambodia Laos Development Fund (CLMDF) established in 2015 and 2011 respectively.

Meanwhile, the Dutch Development bank FMO is considering a $1.4 million commitment to the second fund of EMIA to help its portfolio navigating the COVID-19 pandemic.

Back in 2015, FMO committed $10 million for the second fund, a sector-agnostic growth capital fund aimed to focus on SME financing in Cambodia, Laos and Myanmar.

Portfolio companies of EMIA include AMIK from Cambodia, a leading microfinance institution having over 450,000 clients, covering 88 percent of all villages in Cambodia, BRICo, a premium quality rice producer in Cambodia, iCare Benefits, an employee benefits program providing employees in developing countries, and Planet Online, a leading Internet service provider in Laos.

In Myanmar, EMIA has made investments in companies such as Oway, Microfinance Delta International (MIFIDA), Myanmar food For Thought (MFFT) and Shwe Property.

Read more at: https://www.dealstreetasia.com/stories/emia-new-fund-199377/?fbclid=IwAR2lwkqy9nbtxGbR9RE9R_ytFzmCPI4OOUmQp5z9ILivDvK4ZKhSBo-ho2I