Dragon sees delay for Indochina fund, eyes Europe

Vietnam's Dragon Capital had planned to first-close its new private-equity fund focused on Indochina early this year,  but now expects to hit the initial target of $50 million by the end of 2012, and $250 million next year. The Indochina Opportunities Fund had started out as a Vietnam-only strategy, says chief investment officer Bill Stoops, but demand for single-country vehicles has waned, at least for smaller countries – although China, India and Indonesia continue to draw inter…