Logan Rockefeller Global (LR Global), an independent fund management firm based in New York is setting up operations in Sri Lanka today through its incorporated subsidy Logan Rockefeller Global Lanka Asset Management Ltd.
Managing Director of the Sri Lankan unit, Channa De Silva, former Director General of the Securities and Exchange Commission, speaking to The Island Financial Review said LR Global was totally committed to attracting investments into emerging or frontier economies.
"LR Global has already set up operations in countries such as Bangladesh and Vietnam and now are here in Sri Lanka. As a start, we would mobilise investments up to Rs. 2.5 billion within the next few months.
"We are bullish on companies in the construction, leisure, retail and energy sectors hoping to make initial public offerings and list their shares on the Colombo Stock Exchange. In fact, we would be the final round of financing for companies in these sectors hoping to go for an IPO," De Silva said.
source - www.island.lk
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