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Dragon Capital to set up new fund
Dragon Capital is planning to raise about $100-$150 million for a new fund, the newswire NDHMoney quoted a senior portfolio expert of the fund as saying at a conference in Ho Chi Minh City.
The new fund will be in form of close-ended one, focusing on private investments like consumption and education since Dragon Capital sees the high growth potential in this sector, said Nguyen Phuong Mai on the sidelines of the ‘Gateway to Vietnam 2010’ conference.
Dragon Capital will also more focus on private investments in 2011, since the sector is growing fast with improving management and they will support the economy development.
“Vietnam has many small and medium enterprises that have not yet got capital support from foreign investors, therefore, foreign investment will help them growth better,” Mai added.
The 2nd annual conference, themed “Driving growth through private sector”, was held late last week at InterContinental Asiana Saigon Hotel.
The cooperation between Saigon Securities Inc, the organizer, and its partner McKinsey & Co in hosting the event aims at connecting Vietnam enterprises with domestic and foreign investors.
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