Current News: We still view #Myanmar #privateequity… Read More
The world is changing. Just a short while ago, China was a nation struggling to get by on food rations. Today, China’s GDP (at parity) is the highest in the world,1 and there are more billionaires in Beijing than New York. Similarly, just two generations ago Dubai was a desert backwater, and Singapore was considered “economically nonviable.”2 Economic trade winds are driving fortunes eastward, yet so few of us are positioned to benefit from this massive flow of wealth. Simply put: if you want to make money, you have to go where the money is.
Myanmar is the last great frontier for capitalism.3 It represents a rare, once-in-a-lifetime opportunity to create and capture colossal value, and Faircap is uniquely positioned to do exactly that.
We view Myanmar as a blank canvas, so we actively seek out developmental Picassos and Basquiats who can innovate extraordinary solutions that can scale globally. Mere iteration dissatisfies us. Myanmar has the will and potential to be more than just the next Singapore or China: it can be a global economic power in its own right—and we want to lead it there.
When it rains gold, we want to be outside with our buckets, and partnering with visionary leaders and their companies is how we make our buckets larger while making the rain come down harder. We try to interfere as little as possible in the companies we fund. Our management partners tend to have remarkable track records and deep experience, so we give them space to build and create. Investors who try to control the companies they fund often end up destroying them.
We believe there is tremendous value in de facto monopolies. Consequently, we don’t like investing in “hot” sectors or industries where increasing competition chokes innovation. Instead, we typically make the first or only investment in a needed sector or industry. We always seek to lead, not follow.
Our goal is to be the preferred funder of wonderful businesses in Myanmar, and to do that we have to do right by everyone. In Myanmar, you are known only by reputation—no one uses family names in Myanmar: you are on a first name basis with everyone—so if we don’t operate with rock-solid integrity, no one will want to partner with us. Likewise, we expect ruthless honesty and exemplary ethics from the companies we invest in, and that causes us to say no a lot more than we say yes.
We like authenticity and personal interaction. If you’re excited by our work and want to know more, then we’d love to hear from you. Just fill out our no-spam, no-nonsense contact form and we’ll get in touch immediately.