Cordiant Inks First Deal with Fourth Fund (Asia)

Source: Private Debt Investor  |  Author: Oliver Smiddy

Cordiant Capital, a fund manager specializing in emerging markets credit and private equity investments, has provided a US$55 million loan to Sri Lanka-based microfinance institution Lanka Orix Micro Credit (LOMC). The transaction, which was made in partnership with the Dutch development bank FMO, was structured through Cordiant Emerging Loan Fund IV and was the first deal from this fund. LOMC intends to use the new financing to help grow its microleasing and group lending portfolio.