About Us


Delta Capital Myanmar focuses on identifying leading Myanmar entrepreneurs and businesses for investment. We work with business founders and management to support them in achieving their strategic goals, creating value for shareholders and generate superior returns for our investors.

  • Delta Capital Myanmar has been a first mover and established itself as a leading private equity investor in Myanmar. With an experienced in-country investment team, strong origination capabilities, access to an extensive local and international network, we are well placed to gain from the expanding investment opportunities being presented across Myanmar’s frontier economy.
  • Our business was formed in 2013 by Hong Kong based Landmark Capital (LMC) and Myanmar based Serge Pun & Associates (SPA). Initially named Pun Murray Myanmar Partners (PMM Partners), the name for our business was changed to Delta Capital Myanmar in August 2016. 
  • Delta Capital Myanmar has a dedicated and independent investment team managing our company’s Myanmar-focused private equity funds. Our team continues to benefit from the support and access to resources available through our sponsors LMC and SPA.


Our culture reflects that of SPA and SMC, two entrepreneurial organizations committed to building leading businesses in their markets, valuing professional excellence and integrity.




  • Founded in 1991 by Serge Pun, SPA is one Myanmar’s leading and most prominent business conglomerates, engaged in businesses including property development, automobile distribution, food & beverages, banking & mobile financial services, healthcare, telecom infrastructure and agriculture.
  • SPA has been a local partner of choice for global corporates entering the Myanmar market and commands over 20 years of experience in successfully operating businesses in-country.



  • LMC is a pan-Asian investment company focusing on direct investments, fund management and investment advisory with total asset under management exceeding USD 1.5 billion. Founded in 1997 by Simon Murray, the former Group Managing Director of Hutchison Whampoa. Thomas Schmidheiny, former CEO & Chairman of Holcim Cement, who built the company across emerging markets and into the leading cement producer globally, is SMC’s major shareholder;
  • LMC is widely recognized as a pioneer in investing in emerging market asset classes with a proven track record of over 15 years in Asian private equity investments.