$850M Vietnam-Focused Alts. Fund Seeks Additional $200M

Nov 2 2007 | 11:53am ET

The Vietnam Opportunity Fund, a US$850 million Alternative Investments Market-traded closed-end fund, is looking to raise an additional $200 million via a secondary share placement. The new issue closes on Nov. 14.

The fund invests across asset classes in the Vietnamese domestic economy. Typically, half of the fund’s portfolio is invested in equities with the remainder divided between real estate and private equity. Through September, the fund has returned 32%.

The Vietnam Opportunity Fund is managed by VinaCapital Investment Management, which said it expects to launch new funds within the next 12 months to take advantage of further privatizations of state-owned corporations in the telecommunications, banking, and the energy sectors, real estate and property development and an increase in private equity deals.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...