Mekong Capital to launch $150m fund

After completing several more exits from its current investments, the private equity company is going to source new capital from foreign investors for its new vehicle, which will target consumer goods, retail and consumer services companies. The fund is expected to be rolled out in the second half of this year, Chris Freund, Mekong Capital's managing partner, told local media.

"The capital of the new fund will be invested in 10 to 12 private companies via private equity deals," said Freund, who was optimistic about fundraising.

Established in 2001, Mekong Capital typically invests in fast-growing companies in consumer-driven sectors such as retail, consumer products and distribution. Freund added the low valuations in 2012 have offered good opportunities for cash-rich investors.

Mekong Capital's maiden fund, Mekong Enterprise Fund (MEF), was launched in 2002, has $18.5 million in committed capital and was fully invested in 10 companies by the end of 2005. It is making progress towards realizing its remaining holdings as the fund's timeline draws to a close at the end of 2012.

The $50 million MEF II was launched in June 2006. The fund has made a total 10 investments since its inception, and is currently holding eight after fully divesting from two companies.

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• Topics
• Southeast Asia
• Consumer
• Fundraising
• Consumer
• Vietnam
• Mekong Capital
• Fundraising