KUALA LUMPUR, Feb 4 (Bernama) -- H.E. Curtis S. Chin, former US
Ambassador to the Asian Development Bank (ADB) and inaugural Asia Fellow
of the Milken Institute, has joined the Advisory Board of Dolma Impact
Fund (Dolma) - the first international private equity fund purely
focused on Nepal.
Chin served on the Asian Development Bank's board under US Presidents
George W. Bush and Barack Obama. He joined distinguished experts from
government, business and civil society.
Dolma in a statement issued Wednesday in Singapore and Kathmandu, Nepal
said that it provides capital and expertise to growth companies meeting
key human needs. Dolma's sectors include but not limited to,
renewables, agriculture, education, financial inclusion and healthcare.
As an impact fund, Dolma has built positive social and environmental impact into investee companies' core strategies.
"Curtis's experience in Asian development and his advocacy for the
private sector, capital market development and public-private
partnerships enhance our reach and strategy.
"I am delighted that Curtis will be providing guidance and support to
the Dolma team as we work to drive private sector development in one of
South Asia's poorest nations," commented Tim Gocher, Dolma Founder and
formerly from Deloitte and J.P. Morgan in the same statement.
Dolma currently manages more than USD 20 million (RM71.2 million) and
is expanding its fund base. It is positioned to bring significant
co-investment to Nepal through its partners and other funds seeking
exposure to Nepal's growth markets, especially in hydropower. Dolma's
investors include FMO - the Dutch Development Bank, Finnish Fund for
Industrial Cooperation Ltd (FINNFUND), OeEB - Development Bank of
Austria, and private individuals.
--BERNAMA
http://www.bernama.com/bernama/v7/newsindex.php?id=1106331
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