Guardian Capital Partners to invest in private equity projects in Sri Lanka


May 04, 2016 (LBO) – Guardian Capital Partners, a part of the listed Ceylon Guardian Investment Trust Group has entered into a joint venture agreement with Small Enterprise Assistance Funds (SEAF) in US to carry on a fund management business to manage and invest in private equity projects in Sri Lanka.

The company said in a stock exchange filing that the Joint Venture Company will be formed in an overseas jurisdiction and the private equity fund to be formed will see investment participation from local and foreign institutional investors.

Guardian Capital Partners will hold 41.7 percent and Small Enterprise Assistance Funds will hold 58.3 percent in the joint venture management company initially.

The statement said the SEAF has made more than 387 million US dollars in private equity investments in 25 emerging and frontier markets across more than 400 projects, since its inception.