Frontier Fund

Asia & Pacific

Region

49.5

Committment (MNOK)

Scalable Enterprises

Sector

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.

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  • Sector: Scalable Enterprises
  • Committment (MNOK): 49.5
  • Year: 2010
  • Region: Asia & Pacific
  • Country: Bangladesh
  • Domicile: Cayman Islands
  • Instrument: Funds
  • Status: Active

Indirect investments

Investee Sector Country
Saltside Technology ABCommunicationOther
Ananta Apparels LtdManufacturingBangladesh
Butterfly MarketingWholesale and retailBangladesh
Popular Pharmaceuticals LtDManufacturingBangladesh
Rahimafrooz Superstores LimitedWholesale and retailBangladesh
Runner Automobiles LimitedManufacturingBangladesh