Dragon Capital and FIDP cease fund JV
Frontier Investment & Development Partners is less upbeat than its former partner about the outlook for Vietnam and is raising a separate fund of its own.
Vietnam’s Dragon Capital and Singapore-based Frontier Investment & Development Partners (FIDP) have ceased a joint venture aimed at raising $250 million to invest in Cambodia, Laos, Myanmar and Vietnam.
The firms had partnered to co-launch the IndoChina Opportunities fund, but had seen delays in reaching their capital target, as reported by AsianInvestor.
Marvin Yeo, founder and managing partner of Singapore-based FIDP, declined to give details about his firm’s divestment fr…
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