Frontier Fund
Asia
Region
50.9
Commitment (MNOK)
Active
Status
Frontier Fund offers equity to SMEs in Bangladesh, one of the world’s poorest countries. As one of the first specialised SME funds in Bangladesh, Frontier offers entirely new opportunities for growth and development of companies in need of capital.Norfund has invested USD 10 million of a total of USD 88 million in this fund, which is managed by a Bangladeshi subsidiary of Swedish Brummer and Partners. The fund is an example of a collaboration between DFIs such as Norfund, CDC, IFC and FMO and private Swedish investors, which together account for 50 per cent of the capital.
Key information
- Sector:
- SME Funds
- Commitment (MNOK):
- 50.9
- Year:
- 2010
- Region:
- Asia
- Country:
- Bangladesh
- Domicile:
- Cayman Islands
- Instrument:
- Funds
- Status:
- Active
- Mandate:
- Development
Frontier Fund investments
| Investee | Sector | Country |
|---|---|---|
| Agora | Bangladesh | |
| Ananta Apparels Ltd | Bangladesh | |
| Butterfly Marketing | Bangladesh | |
| Runner Automobiles Limited | Bangladesh | |
| Saltside Technology AB | Bangladesh |