Private equity firms have come together to form the Myanmar Private Equity & Venture Capital Association to give institutional investors a voice when engaging with the local authorities, industry website internationalinvestment.net reported.

Backed by the UK's CDC Group, the association was officially launched in Naypyidaw and aims to meet every month for training or networking purposes.

The association currently has 11 full members including Anthem Asia, an independent private equity firm and Yangon Capital Partners, a venture capital firm set up by Trust Venture Partners. 

The membership organisation also counts Delta Capital, Japanese Daiwa PI Partners, London-listed Myanmar Strategic Holdings and YGA Capital among its founding members.