One to Watch (OTW) received support from UKAID to initiate ground activities for the conceptualization and incorporation of the Nepal Private Equity Association(NPEA).
Nepal’s prominent private equity and venture capital firms have come together to set up the Nepal Private Equity Association (NPEA) with the objective of promoting alternative investment activities by bringing together stakeholders in Nepal’s expanding entrepreneurial ecosystem.
The NPEA which has been incorporated as a profit non-distributing entity under the Company Act, will be governed by a Board of Directors and administered by a small team of professionals. Suman Joshi chairs the founding board that has Siddhant Pandey, Bidhya Baridhi Sigdel, Anupam Man Chhantyal and Tenzin Sonam Gonsar as members.
The following firms are the founding members of NPEA:
- Accelerator Nepal
- Business Oxygen (WLC Ventures)
- Dolma Advisors
- One to Watch
- Team Ventures
- True North Associates
Suman Joshi stated, “Alternative or specialized investment activities have been bubbling in Nepal for the past few years. A number of investment firms, private equity funds and venture capital providers have been investing in Nepali businesses and helping them grow. Ancillary service providers like legal, business incubation and accelerators have also been very active in contributing to the ecosystem. Regulators have begun to acknowledge the existence of and the need for institutions working in the alternative investment space. We have come together to formally incorporate Nepal Private Equity Association in order to set high standards for the alternative investment industry”.
In addition to relevant research activities, the Association will conduct various programs and initiatives in the forms of training, workshops and networking events catered towards upskilling of professional practitioners in the private equity/venture capital space. This will help forge a stronger ecosystem that will lead to greater collaboration opportunities with similar international networks.
Nathanael Bevan, Head of Economic Development Team at British Embassy Kathmandu expressed, “I am delighted that Nepal’s first private equity association has been launched. This initiative will provide the growing private equity/venture capital sector in Nepal with much needed representation, as well as a formal engagement platform with government agencies and regulators. It will also enable a more progressive investment climate, which will help firms to grow and become more productive, thereby supporting economic growth in Nepal.”
The article is based on the information published on the press release by NPEA