Ascent’s fund will look to buy stakes of around 30 percent in companies that are leaders in their industries.
Interview Market Insight
Ascent Myanmar Growth Fund I has raised more than $50 million and is looking to add one or two more investors to reach $100 million in the coming months, Ascent co-founder Lim Chong Chong said in an interview. The fund is seeking to make two investments of between $5 million and $20 million this year and about another eight by 2023, he said.
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