Myanmar PE rm Ascent Capital closes maiden fund at $88m

Singapore-registered, Myanmar-focused private equity firm Ascent Capital has held a final close of its debut fund at $88 million, after collecting over $80 million by June this year, according to a press release. Launched in the first quarter of 2018, the Ascent Myanmar Growth Fund I (AMGF) was seeking to raise between $50 million and […]

Ascent Capital closes Myanmar fund after elections

Singapore fund manager Ascent Capital Partners announced the final close of its debut Myanmar-focused fund, the Ascent Myanmar Growth Fund I LP (AMGF), on November 11. AMGF has attracted total capital commitments of US$88 million since its establishment in 2018, which it says makes it the world’s largest Myanmar-focused private equity fund. This comes after […]

Singapore fund takes stake in Myanmar ISP Frontiir

Ascent Capital, a Singapore-registered fund manager, is leading an investment of US$26 million in Myanmar internet service provider Frontiir, marking its first equity investment in the country. The deal is expected to help Frontiir expand its services to more than half of Myanmar’s states and regions within half a decade, with the aim of connecting […]