mCapital launches $1 billion investment framework in New York

Private equity firm mCapital Ltd has launched its flagship initiative, “Dakchhe Bangladesh”, which translates as “Bangladesh is Calling”, announcing a $1 billion investment framework to channel non-resident Bangladeshi (NRB) capital, expertise and global networks towards Bangladesh’s development.

The announcement was made at the inaugural “Invest Bangladesh” event in New York, attended by diaspora entrepreneurs, investors, business professionals and community leaders.

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At the event, Professor Muhammad Yunus highlighted the importance of connecting youth talent and modern technology with social business.

He called on the diaspora to support data centres for rural women, nursing colleges for skilled workforce development and technology-driven improvements in agricultural productivity.

Ashik Chowdhury, chairman of Invest Bangladesh, highlighted developments in Bangladesh’s economy and ongoing structural reforms aimed at attracting foreign investment, including solar power expansion, port logistics modernisation, new airport infrastructure and economic zones.

He encouraged foreign investors to visit Bangladesh and assess the business environment firsthand.

Ahsan H Mansur, chairman of mCapital and former governor of Bangladesh Bank, said the initiative aims to transform remittances into productive assets, allowing diaspora investors to own profitable, regulated assets in their own names.

The $1 billion framework will be structured across three specialised funds:

- Financial Services Fund: Focuses on fintech expansion, structural reforms in the banking sector and Shariah-compliant digital banking.

- Distressed Asset Management Fund: Focuses on non-performing loan (NPL) resolution and the recovery of distressed assets.

- Healthcare Impact Fund: Focuses on healthcare infrastructure, hospitals, a HealthCare City and digital healthcare through the Shukhee Platform in collaboration with Grameen.

The funds will operate under domestic and international legal frameworks, with independent advisory oversight and a two-year lock-in period. BRAC Bank will serve as the official trustee and custodian.

mCapital also plans to connect with non-resident Bangladeshis across 100 cities worldwide.