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Thu, April 25, 2024

Global Equity Fund bags 'Private Equity and Venture Capital Award 2023'

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KATHMANDU: The Global Equity Fund has received the 'Private Equity and Venture Capital Award 2023' in the Best SME Investment Firm Category.

This award was conferred by the UK’s prestigious magazine Wealth and Finance International. The Global Equity Fund had been nominated for this category in July 2023, and after a rigorous selection process by a selection committee, the award was announced on November 17, 2023.

The Global Equity Fund is the first licensed Private Equity and Venture Capital Fund Manager by the Securities Board of Nepal (SEBON). It is currently preparing to launch ‘Nepal Impact Growth Equity Fund’ under specialised investment fund, with a fund size of Rs 2 billion. This fund aims to invest in startups and growth-stage SMEs.

Currently, the Global Equity Fund manages two investment funds. The first fund is the 'Nepal Infrastructure Investment Fund' with a size of Rs 1.5 billion which is jointly promoted by Global Equity Fund, Himalayan Life Insurance, and Himalayan Everest Insurance. The 'Nepal Infrastructure Investment Fund' has invested in six companies — Upaya City Cargo, TheeGO Electric Vehicle, Mewa Developers, ABI, Tattva Farms, and Urja Impact Fund.

Recently, the Global Equity Fund announced the 'Nepal Women Growth Equity Fund.' This fund, with a size of Rs 500 million, is the first women-focused equity fund in Nepal targeted at women entrepreneurs. It aims to provide growth capital, enhance the capacity of women entrepreneurs, support business expansion, and provide opportunities to link with domestic and international markets.

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MARCH 2024

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