British International Investment

Myanmar Opportunities Fund II

MyanmarRest of the WorldCommunications & IT servicesFinancial servicesManufacturing

The Myanmar Opportunities Fund II (MOF II) targets the country’s high-growth sectors, including consumer products and services, technology, telecommunication, banking and financial services.

This investment was made when British International Investment was named CDC Group.

Our investment

Description of the investment.

In 2017, CDC made a $15 million commitment to MOF II.  

Our investment, alongside those from other DFIs and private investors, can provide early stage capital to fuel private sector growth in Myanmar.

Expected impact

Expected impact of investments made between 2012 and 2018. From 2019 onwards, we have published a fuller set of impact information, assessing each investment against six dimensions of impact.

Myanmar is one of the fastest growing economies in South East Asia, but challenges still remain to assure long-term economic recovery and create shared prosperity. While consistently declining over the past ten years, the poverty rate remains substantial, and Myanmar still has the lowest life expectancy and highest infant mortality rates in the region.

Small and medium-sized enterprises (SMEs) are expected to be the engine of Myanmar's economic growth and a key generator of new employment opportunities.

However, the private sector is in its infancy and the supply of capital is limited. Our investment will enable the fund manager to support the development of the country’s private sector by providing early stage and growth capital to support SME expansion.

MOF II first investment was in Frontiir, one of Myanmar’s fastest growing internet service providers.

Environmental and social information

  • Environmental and social summary

    A high-level description of the environmental and social aspects of the investment. This may include a summary of key environmental and social risks identified during environmental and social due diligence (ESDD); key elements of an environmental and social action plan (ESAP); or ways in which we plan to support the investee improve environmental and social standards, such as through their environmental and social management system (ESMS); as well as any other priority areas agreed with the investee.

  • Environmental and social risk

    A risk category rating, which indicates the level of environmental and social risk associated with an investment. For an explanation of the categorisations used, see here. We consistently provide an environmental and social risk category for all investments screened from 2023 onwards.

Environmental and social summary

We will work with the fund managers to develop and implement an ESMS for this first-time fund.

Reporting and Complaints Mechanism

The Reporting and Complaints Mechanism allows anyone outside BII to report alleged breaches of the business integrity or environmental and social provisions of BII’s Policy on Responsible Investing. This includes breaches made by BII, a BII investee, or a portfolio company of a fund in which BII has invested. The Reporting and Complaints Mechanism Rules are available here. Reports and complaints can be submitted by email to [email protected] or by mail. See more details on our Reporting and Complaints Mechanism here.

For any other general enquiries contact us at [email protected]

  • Key facts

    Last updated

    When the last quarterly update of the website database occurred.

    :
    March 2024
    Project number

    An identifier number shared by investments in the same project.

    :
    D2152
    Status

    The current status of the investment (green flag for active and red flag for exited).

    :
    Active
    Region

    The geographical region where the country is located. We currently invest in Africa, South Asia, South East Asia and the Caribbean. In 2023, BII’s investment mandate was extended allowing it to invest in regional funds linked to Ukraine, with the majority of activity expected to begin post-war. Investments outside these regions were made prior to 2012 under previous investment mandates.

    :
    Rest of the World
    Sector

    We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the Sustainable Development Goals. They range from investing in the power infrastructure that will provide people with better access to electricity, to investing in financial institutions that direct capital to the individuals and businesses that need it the most.

    :
    Communications & IT services, Financial services, Manufacturing

    We provide capital in the following ways: directly – through direct equity, direct debt, guarantees and other non-intermediated financial instruments; and indirectly – principally through investment funds.

    For direct investments and fund investments, this is the date BII committed capital to the investments. This is typically the date on which legal agreements are signed by all parties.

    For the portfolio companies of our fund investments, this is the date (either the month or the quarter) on which the fund committed capital to the portfolio company.

    For direct equity investments, this is the date at which British International Investment exited the investment.

    For debt investments, this is the date at which the final debt repayment was made.

    For funds, this is the date at which the fund was terminated.

    For underlying fund investments, this is the date at which the fund manager exited the investment.

    The total amount committed, per financial instrument, per investment, on the date BII becomes subject to a binding legal obligation to provide funding or assume a contingent liability. This information is provided in US dollars.

    For direct investments, this is the amount that BII has committed to the business or project. For fund investments, this is the amount BII has committed to the fund.

    The currency in which the investment was made.

    Investment type :
    Fund
    Start date :
    September 2017
    Amount :
    $15m
    Currency of investment :
    USD
    Fund Manager:
    Delta Capital
    Domicile

    The company or investment fund’s place of incorporation.

    :
    Cayman Islands

Investments made by this fund into companies:

For further information about these companies, visit http://www.deltacapital.com/

Investment name Country Region Sector Start date Status
Consumer Plastics Company Myanmar Rest of the World Manufacturing October 2020 Active
Frontiir Pte Ltd Myanmar Rest of the World Communications & IT services December 2017 Active
MC Easy Microfinance Co. Ltd Myanmar Rest of the World Financial services February 2018 Active
Rent 2 Own Myanmar Rest of the World Financial services April 2020 Active

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