First-of-its-kind Sri Lanka fund aims for $ 100 m globally

The delegation of professional and institutional investors from German-speaking Europe at the launch of the ‘Sri Lanka Opportunity Fund,’ the first and only European-regulated UCITS fund dedicated to Sri Lankan assets, along with ACP Asset Management Co-Founder and CEO Sharad Sri, Ambeon Capital Director Savanth Sebastian, and investor Aravinda de Silva – Pic by Ruwan Walpola

• Sri Lanka Opportunity Fund provides rare value-driven investor access into Sri Lanka as market reforms gain momentum
• First and only European-regulated UCITS fund dedicated to Sri Lankan assets enabling global investment community to benefit from Sri Lanka growth story
• Sri Lanka Opportunity Fund already seeded with $ 10 m, further $ 25 m inflow expected within next 30 days, with the idea being to increase the AUM to $ 100 m in 6-12 months

ACP Asset Management and its investment manager ACP Corum on Wednesday announced the launch of its Sri Lanka Opportunity Fund, the first and only European-regulated Undertakings for Collective Investment in Transferable Securities (UCITS) fund dedicated to Sri Lankan assets. 

The Fund offers international investors a regulated and liquid investment portal into Sri Lanka. 

The launch builds on ACP Corum’s earlier Sri Lanka AMC strategy, which delivered returns of 25.60% in 2025, 48.55% in 2024, and 38.50% in 2023 in USD terms, representing a cumulative return of 77.55% since inception in December 2021, significantly outperforming the MSCI Frontier Markets Index.

The launch was attended by a delegation of professional and institutional investors from German-speaking Europe from IFNP and Netfonds. This delegation represents over $ 10 billion in assets under management (AUM) and over $ 30 billion in assets under administration.

ACP Asset Management Co-Founder and CEO Sharad Sri said the Sri Lanka Opportunity Fund has already been seeded with $ 10 million, with a further $ 25 million inflow expected within the next 30 days, with the idea being to increase the AUM to $ 100 million in 6-12 months.

He said the launch of the first-ever Sri Lanka-focused UCITS fund marks a significant milestone—not just for ACP, but for the global investment community to access the Sri Lanka growth story. A UCITS platform represents global standards of governance, transparency, risk management, and investor protection. It signals that Sri Lanka is ready to operate within internationally recognised frameworks and to compete on a global stage.

Promoters said Sri Lanka is emerging from a period of economic restructuring, supported by a more stable debt profile, renewed fiscal and regulatory discipline, and close ties with regional neighbours. Reforms across State-owned enterprises (SOEs), taxation, and energy pricing, combined with a rebound in tourism and export-oriented manufacturing, have improved macro fundamentals. Equity valuations remain among the most discounted in Asia at approximately 11x price-to-earnings, offering a rare value-driven entry point for long-term investors.

The Fund seeks to capture Sri Lanka’s long-term growth through selective investments in listed equities and fixed income. It focuses on valuation dislocations in high-growth sectors (e.g. banking, consumer, and export-oriented industries) and delivers exposure to the country’s economic recovery, closely linked to India and the broader Asian trade. 

The Fund is regulated by the Financial Markets Authority (FMA) of Liechtenstein. A UCITS structure with a minimum 30% liquidity buffer provides daily liquidity, transparency, and institutional-grade safeguards. The strategy also includes targeted allocations to sovereign and high-quality corporate Bonds in both USD and LKR.

ACP Corum Director Stefan Bucher said: “We believe Sri Lanka is now poised for long-term sustainable growth. In the growth phase of other similar frontier markets like Vietnam, UCITS funds and similar investment vehicles emerged to encourage, promote, and grow the country’s capital markets to global investors, delivering significant returns. Our new Sri Lanka Opportunity Fund aims to do precisely that.”

ACP Asset Management is an investment house managing approximately $ 170 million in assets, with deep expertise in frontier and emerging markets. The firm focuses on public and private market investments, including equities, private equity, venture capital, fixed income, and real assets, providing institutional and family office investors with access to high-growth opportunities across Asia and other emerging economies. ACP combines disciplined investment processes with active portfolio management to deliver risk-adjusted returns and long-term value creation.

ACP Corum Ltd., the Australian-licenced platform of the ACP Group (AFSL 285503), leverages ACP’s regional expertise alongside a proven track record in Australian funds management. The platform offers clients access to a range of investment opportunities across listed and unlisted equities, fixed income, infrastructure, and alternative assets, serving as a bridge between Europe, Australia, and Asia to deliver bespoke, globally diversified investment solutions.