Cambodia Laos Myanmar Development Fund II

The Cambodia Laos Myanmar Development Fund II (CLMDF II) is a 10 year sector-agnostic growth capital fund that will invest in SMEs in Cambodia, Laos and Myanmar. CLMDF II is managed by Singapore-based fund manager Emerging Markets Investments Advisors (EMI) with on-the-ground offices in Cambodia and Myanmar. CLDMF II will build on the experience EMI acquired with the Cambodia Laos Development Fund (“CLDF”), a $ 19,7 mln SME fund launched in 2010 to invest in SMEs in Cambodia and Laos. CLMDF II will aim at providing long-term equity funding to around 12 local SMEs. This long-term funding is currently very scarcely available in the countries of operation as the financial sector in the three target countries is not sufficiently developed to provide long term financing to local companies CLMDF II is currently one of the only SME-focused PE funds active in Cambodia, Laos and Myanmar. This long-term funding will allow the companies to grow further, creating new jobs and empowering and training local staff, generating additional tax revenues, increasing access to products and services to the local population and supporting a series of local suppliers in their growth. CLMDF II will also selectively look at setting up greenfield projects with experienced technical partners and hence support the expansion of underdeveloped sub-sectors. These projects might present a more risky profile but will mostly have a very distinctive development impact. EMI will aim at further strengthening the SMEs it will invest in and hence support the development of the private sector through the following means : o Guidance on strategy, budgets, controls and business development o Securing additional funding o Recruitment/strengthening of key staff/management and other HR aspects (organization of training, policies to improve retention, etc.) o Strengthening of governance and introduction of independent board members o Introduction to new potential partners abroad o New product development and improved marketing initiatives to increase sales o Promotion of environmental or social aspects at the level of the different investees