ZCZC
BSS-11
VENTURE CAPITAL-LICENSE
Bangladesh Venture Capital receives ‘Alternative Fund Manager’ license
DHAKA, Dec 11, 2018 (BSS) – Bangladesh Venture Capital Ltd has received
‘Alternative Investment Fund Manager’ License from the Bangladesh Securities
and Exchange Commission (BSEC).
Bangladesh Venture Capital Ltd received the license from the BSEC under
Bangladesh Securities and Exchange Commission (Alternative Investment) Rules,
2015, said a press release.
As a license holder, Bangladesh Venture Capital Ltd (BVCL) will be able to
manage the Venture Capital fund, Private Equity and Impact Fund.
The release said Managing Director of Bangladesh Venture Capital Ltd Golam
Momowar Kamal expressed his gratitude to all concerned, who have extended
their support to achieve this license.
He also added that the Venture Capital Limited would give the highest value
to the potential business and startups that offers solutions to an existing
problem, makes a positive social impact and thus build a better Bangladesh.
“Bangladesh is a very perfect place for developing entrepreneurs as we have
got the most talented young generation. The lifestyle of the country’s people
helps them to get the leadership skills, which is a very important quality
for becoming entrepreneur,” said Md. Sabur Khan, Chairman of Bangladesh
Venture Capital Ltd.
“Besides ensuring fund, we made collaboration with the Daffodil Business
Incubator to ensure best incubation, co-working with other facilities so that
entrepreneurs can explore their full potential,” he added.
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