Srilanka, Feb. 5 -- A US50 million private equity fund targeting small and medium-sized enterprises (SMEs) in Sri Lanka and Bangladesh has been launched, aiming to provide growth capital to high-potential businesses in both countries.
The Mycelium SME Fund (MSF) is the first independent, homegrown initiative of its kind in the region, backed by private equity and venture capital industry veterans.
The fund will focus on companies with high-value addition and sustainable business models, while also promoting intra-regional investments through expansion initiatives and joint ventures.
Colombo based co-promoter of the fund Indika Hettiarachchi said the proposed investment programme is expected to boost high quality FDIs to both countries i...