Baltoro Capital Acquires Stake in NBP Fund Management (Asia)
Posted On: 05 Dec 2018 | Source: Business Recorder
Pakistan-focused private equity fund manager Baltoro Capital has reportedly acquired a stake in Pakistan-based asset manager NBP Fund Management (NBP Funds) through Baltoro Growth Fund. In addition to managing 26 mutual and pension funds and total assets of PKR116 billion (approximately US$866 million), NBP Funds engages in initiatives promoting financial literacy, long-term wealth creation and financial independence in Pakistan. Financial details of the transaction were not disclosed.