The Dolma portfolio reveals where international capital sees value in Nepal
Dolma Fund Management, Nepal's largest private-equity firm, manages $108 million across two funds, focusing on renewable energy, technology, healthcare, and e-logistics. While hydropower and technology like Fusemachines show promise, the portfolio highlights the absence of manufacturing, large-scale agriculture, and tourism, reflecting a consensus on Nepal's comparative advantages. The reliance on hydropower exports and the impact of remittances on domestic industry are key concerns, alongside the need for institutional reforms to attract broader investment.
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