There is definite proof that sustainability-focused funds are outperforming their conventional counterparts. But some experts believe the traditional explanations for this are wrong.
It aims to raise a maximum initial commited capital of $100 million, to be drawn down as needed. The initial closing is expected to occur on or around May 31.
Chris Freund, managing director of Mekong Capital in Ho Chi Minh City, notes that the primary investment objective is to achieve a high internal rate of return by investing in privatised companies in Vietnam. This can come during their initial privatisation or during any subsequent sale or issuance of shares, or in any other transaction and then divesting such interests after these companies list on a stock exchange. He says the fund aims to generate returns from capturing the liquidity premium between unlisted and listed companies.
Freund will look for various attributes in the fund's investee companies, such as such as strong management teams. But if a company shows a willingness to hire new people for their management teams (if that's necessary), it may also qualify for the fund.
The fund is domiciled in the Cayman Islands and will continue to operate until some time between 2017û2021, depending on when shareholders resolve to commence winding up the fund. It will be managed by a dedicated team within Mekong Capital, currently led by portfolio manager Duong Do Quyen.
Mekong Capital is the investment manager of the Mekong Enterprise Fund, which was launched in 2002, and the Mekong Enterprise Fund II, Ltd., launched last year. Both funds are private equity funds focusing on fast-growing private companies in Vietnam.
Investors can still find spread premiums in niche private debt, with the asset class's prognosis looking strong, said a keynote speaker at AsianInvestor’s latest summit on Wednesday.
AsianInvestor details the second part of our marquee award winners for 2021, which includes the standout ESG adviser and also the asset manager of the year.
AsianInvestor reveals the first half of our marquee winners for this year's Asset Management awards, including best asset service provider and top alternative fund houses.
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.