US firm to launch in Bangladesh on Sunday

Tau Investment Management, a New York-based growth equity firm, which is committed to investing US$1 billion in transforming global supply chains, will make its official launch here on Sunday. Over the next three years, Tau will first target textile and apparel manufacturers in frontier and emerging markets, such as Bangladesh. A significant portion of the fund will be invested in Bangladesh to drive growth and improve performance of the existing large-scale manufacturers, said an official release. Chairman and CEO of the Tau, Oliver Niedermaier will introduce Tau’s vision for investing to build long-term competitiveness of Bangladesh garment and textile manufacturers. By bringing capital and expertise, Tau will transform factories, and in turn, the supply chains of the world’s largest brands, according to UNB.