Mekong Capital, a Ho Chi Minh City-based private- equity firm, said Tuesday it is raising a US$150 million Vietnam-focused fund, the firm's fourth, and expects its first closing at US$50 million in a few months.
At US$150 million, the Mekong Enterprise Fund III will be three times the size of its predecessor, the US$50 million Mekong Enterprise Fund II, launched in 2006.
After a very quiet 2009, investor interest in Vietnam appears to be picking up again. The fundraising environment remains sluggish, but investors are starting to visit Vietnam again, which is promising, Mekong's managing partner, Chris Freund, said Tuesday.
Mekong Capital raising US$150M Vietnam-focused private equity fund
Mekong Capital said it is raising a US$150 million Vietnam-focused fund, the firm's fourth, and expects its first closing at US$50 million in a few months.
Source: Dow Jones
