The conglomerate joined fellow limited partners Temasek and Asian Development Bank to back a $50m fund raised by Ascent Capital Partners.
Singapore-registered investment firm Ascent Capital Partners has closed a private equity fund backed by conglomerate JG Summit Holdings, having raised more than $50m in capital according to DealStreetAsia.
Ascent Myanmar Growth Fund I LP will concentrate on investments in the nation of Myanmar and also counts Singaporean government-owned investment firm Temasek and the multilateral Asian Development Bank (ADB) as limited partners, the latter supplying $10m.
Lim Chong Chong, Ascent Capital’s founder and managing partner, said: “We are encouraged by the…
