Jupiter Capital wins global award
Jupiter Capital Partners, 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 organized by Private Equity International (PEI).
Other nominees for this award were Vietnam based Mekong Capital and global investment firm Kohlberg Kravis and Roberts. PEI is a world's leading financial media group specialized 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 US$ 75 million Sri Lanka Fund with funding from international institutional investors. In addition, Jupiter provides investment placement services for larger private equity deals.
Commenting on the award Indika Hettiarachchi, Managing Director of Jupiter 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.
