Mekong Capital plans $150m fund

Mekong Capital, a Vietnam-focused Private Equity firm, focusing on growth equity in Vietnamese companies, on May 22 announced to establish a new investment fund capitalised at $150 million within this year.

Accordingly, the new investment fund will be known as Mekong Enterprise Fund – MEF III. Chris Freund, Mekong Capital’s general director, said that MEF II will contribute some $50 million in the first phase in 2010. This fund comes after the success of two funds MEF I and II run by Mekong Capital.

Mekong Capital also said that MEF will focus on Vietnamese private joint stock companies. According to Chris Freund, the private economic sector will develop rapidly and play important role in the Vietnam’s economy.

Reportedly, MEF I has total registered capital of $18.5 million while MEF II’s is $50 million. MEF I invested in 10 companies during 2003-2005 and MEF II focused on new joint stock companies in Vietnam.

Additionally, Mekong Capital is also running Vietnam Azalea Fund Limited (VAF). $100 million VAF mainly focuses on minority investments in the pre-listed and listed firms segment including equitised state-run companies.

TBKTVN

Tags: Mekong Capital, Vietnam finance, Vietnam financial, Vietnam funds

Posted by VBN on May 24 2010. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry