Dragon sees delay for Indochina fund, eyes Europe
It is taking longer than planned for Vietnam's Dragon Capital to hit $50 million for its new private equity fund. Meanwhile, it is eyeing microfinance and plans to use Ucits to sell into Europe.
Vietnam's Dragon Capital had planned to first-close its new private-equity fund focused on Indochina early this year, but now expects to hit the initial target of $50 million by the end of 2012, and $250 million next year.
The Indochina Opportunities Fund had started out as a Vietnam-only strategy, says chief investment officer Bill Stoops, but demand for single-country vehicles has waned, at least for smaller countries – although China, India and Indonesia continue to draw inter…
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