Sri Lankan private equity firm wins international award

Friday, 21 March 2014 04:52 - - {{hitsCtrl.values.hits}}

Jupiter Capital Partners, a Sri Lanka based private equity investment firm has been named the “Frontier Markets Private Equity firm of the year in Asia Region for 2013”. Jupiter was awarded this honour at the annual awards organised by Private Equity International (PEI). Other nominees for this award were Vietnam based Mekong Capital and global investment firm Kohlberg Kravis and Roberts. Last year’s winner of this category was emerging markets Private Equity firm Actis. PEI is a world’s leading financial media group specialised in business-to-business information market in private equity, private real estate, private debt and infrastructure. PEI has been conducting annual

awards since 2001 and awards are conducted under three geographic regions: Asia, Americas and Middle East, Europe and Africa. Jupiter was launched in 2012 as the first Sri Lankan independent private equity firm with the aim of developing a platform to channel equity investments into Sri Lanka’s small and medium enterprises. The company has put in place an investment platform where Sri Lankan institutional and individual investors can invest in high growth SMEs. Jupiter is also working towards establishing a $ 75 million Sri Lanka Fund with funding from international institutional investors. Jupiter also provides investment placement services for larger private equity deals. Commenting on the award, Jupiter Managing Director Indika Hettiarachchi said: “This award is a testament to our success in drawing attention to Sri Lanka among global private equity and institutional investment community. This award places Jupiter among the world’s leading private equity firms and it is a rare recognition for a one year old firm based in a small frontier market like Sri Lanka. This award also reflects global investor interest in Sri Lanka.” Jupiter was also invited to participate at the 2014 Private Equity Asia Forum held at Renaissance Harbour View Hotel in Hong Kong with the participation of leading regional and global private equity firms and professionals. Jupiter has been able to make a name for itself internationally mainly due to its focus on developing in depth knowledge about Sri Lankan local market and effectively communicating same to global investor community. In addition to publishing a detailed monthly newsletter highlighting investment activities in Sri Lanka, the company also publishes research articles about Sri Lankan equity market which are often featured in leading international publications. Jupiter’s core team has extensive experience in venture capital, growth equity and buyout investing.