The Securities and Exchange Commission of Cambodia (SECC) yesterday granted Cambodian Investors Capital Partners a licence to act as a fund management company.
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Cambodian Investors Capital Partners, a subsidiary of Cambodian Investors Corporation (CIC), invests mainly on SMEs and tech startups.
As a fund management company, Cambodian Investors Capital Partners will create and manage a collective investment scheme, collecting funds from investors and distributing returns back to them.
The investments will be made “following companies’ predefined investment strategy,” Cambodian Investors Capital Partners said during a press conference.
“Our mission is to mobilise local investors and build a more reliable investment platform where they can participate and benefit as much a possible from the growth of local enterprises”, said Lem Chann Samrach, the CEO
He said SMEs generally face difficulties accessing finance and need the support of other players in the business ecosystem including incubators, accelerators, co-working spaces, and, more importantly, fund providers.
To meet the financing needs of SMEs and startups and provide more investment opportunities to investors, the firm is planning to set up two funds – a fixed income fund and an SME fund.
According to SECC, a total of four companies have applied for a licence to operate collective investment schemes in the Kingdom. So far, only Cambodian Investors Capital Partners has received it.