Philippine-based mezzanine investor ARQCapital Partners is confident of hitting the final close of its 1.5-billion-pesos ($28 million) fund next year to invest in up to 50 high-growth medium enterprises (MEs) in the country.
ARQ founding partner and CEO Edmund Solilapsi said in an online news briefing on Wednesday that the firm has already raised a third of the fund. It is on its way to raise another third this year and then complete the $28-million target by next year.