Mekong Capital Introduces US$100Mln Vietnam Azalea Fund
The investment fund manager Mekong Capital announced May 16 the launch of a new fund, Vietnam Azalea Fund Limited, in a bid to further invest in businesses in Vietnam.
This is the third Mekong Capital fund in Vietnam, behind the Mekong Enterprise Fund (MEF 1) launched in 2002 and the Mekong Enterprise Fund II launched in 2006.
Mekong Capital plans to raise US$100 million for the new fund, which will be used to invest in listed and unlisted companies in Vietnam.
Vietnam Azalea Fund will operate until between 2017 and 2021, and won’t be listed on any stock exchange.
Mekong Capital managing director Chris Freund said the primary investment objective is to achieve a high internal rate of return by investing in privatized companies in Vietnam.
Mekong Capital Ltd was established in March 2001 in the Cayman Islands and is responsible for managing MEF 1 and MEF 2, and aims to invest in private companies of Vietnam, Cambodia and Laos.
MEF 1 was the first new Vietnam-focused fund launched after the Asian financial crisis and the first new fund in Vietnam in the current decade. The $50 million MEF 2 was launched last year after MEF 1 was fully disbursed.
H.Ly
Vietnamese
