They plan to provide opportunities in: education, healthcare, the digital economy, and access to goods and services
Brac, an international development organization based in Bangladesh, has partnered with the Osiris Group, a private equity firm that invests in Asia—to establish the Impact Fund Partnership.
Brac announced this via press release, on Sunday. The organization is dedicated to development, poverty reduction, and humanitarian crisis management.
Tanvir Ghani, founder of The Osiris Group, said stated: “In countries such as Bangladesh, as it moves towards middle income status, there are many investment opportunities that will help people meet their aspirations.
“These opportunities will help these people educate their families, receive quality healthcare, participate in the digital economy, and access goods and services that were previously unavailable to them.”
Founder of Brac, Sir Fazle Hasan Abed said: “We are excited, and look forward to working with the Osiris Group—sharing field insights and best-in-class investment methodologies while amplifying our collective impact across the communities we serve.”
Asif Saleh, senior director of Strategy, Communications and Empowerment at Brac said: “We are now in a world, where differences among the development, social enterprise, and the private sectors are narrowing.”
“We at Brac, see the importance of impact investment in the countries we operate in.”
Meanwhile, Syeed Khan, partner of the Osiris Group said: “With Brac's extensive experience scaling solutions in our core frontier markets, we are extremely excited to partner with Brac.”
The Osiris Group, through its investments in Bangladesh and other frontier markets, catalyzes inclusive growth, targeting six critical, national priority sectors: climate change, disruptive technology, financial inclusion, food and agriculture, healthcare and information, and communications technology.
Founded by Sir Fazle Hasan Abed more than four decades ago, Brac now operates in 11 countries across Asia and Africa.