Sep 25, 2014 (LBO) – Sri Lanka’s Ironwood Capital Partners, a private equity firm says that it has raised 30 million dollars for private equity investment vehicle for Sri Lanka post-2009 with an aim of strengthen the national economy through key strategic investments and support the development of the private equity industry in the country. Investments like these not only give investors potentially excellent returns but are crucial in strengthening Sri Lanka, Steven Enderby, Non-Executive Chairman of Investment Committee, Ironwood Capital Partners was quoted in the media release by the firm.
The Ironwood team supported by York Street Partners, a boutique investment bank in Sri Lanka, have raised 30 million dollars primarily from offshore investors who want to participate in the growth story of Sri Lanka the firm said.
The private equity fund will focus on making investments of three to seven million dollars in small- and medium-sized enterprises (SMEs) across a range of sectors and stages of maturity.
Through this fund we have the opportunity to work directly and closely with Sri Lankan entrepreneurs in addressing their needs and supporting their growth plans. Our team will spend a significant amount of time with investee companies to help improve performance, said Hiran Embuldeniya, Managing partner, Ironwood Ca