Golden Rock Capital raises US$20 million of its US$100 million target for Myanmar-focused fund
Golden Rock Capital raises US$20 million of its US$100 million target for Myanmar-focused fund
Golden Rock Capital Pte Ltd (Golden Rock) has raised approximately US$20 million of its US$100 million target for a Myanmar focused fund. The fund will make individual investments of between US$7 million and US$10 million in the services and consumer sectors. It has already invested in Myanmar Personal Care Co. Pte Ltd, a Singapore-registered perfume seller. Golden Rock is a PE fund registered with the Monetary Authority of Singapore. According to Golden Rock’s founding partner, Thura Soe Paing, Golden Rock has no intention of adopting short term exit strategies in respect of its Myanmar investments and instead is investing in the “long term potential” of the country… Read more