The conglomerate joined fellow limited partners Temasek and Asian Development Bank to back a $50m fund raised by Ascent Capital Partners.

Singapore-registered investment firm Ascent Capital Partners has closed a private equity fund backed by conglomerate JG Summit Holdings, having raised more than $50m in capital according to DealStreetAsia. Ascent Myanmar Growth Fund I LP will concentrate on investments in the nation of Myanmar and also counts Singaporean government-owned investment firm Temasek and the multilateral Asian…

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