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Mekong Capital is a Vietnam-focused Private Equity firm, specializing in consumer-driven businesses. Mekong Capital’s investee companies are typically among the fastest growing and market leading companies in Vietnam’s consumer-driven sectors such as retail, restaurants, consumer products and distribution.
 
Established in 2001, Mekong Capital has the most extensive private equity track record in Vietnam. Our funds have completed 33 private equity investments, of which 26 have been fully exited. Mekong Capital has managed 4 funds, one of which is currently making new investments. Mekong Capital has a team of 30+ full-time people in our Vision Fulfillment Center in Ho Chi Minh City, Hanoi, who have an average tenure at Mekong Capital of around 6 years. Three Partners with combined 38 years at Mekong Capital.
 
Mekong Capital invests in fast-growing companies, with ambitious expansion plans, and a strong commitment to building management teams that will apply best practices and successfully execute on those expansion plans. These companies are typically well-established companies in their sectors, but which typically operate in fragmented and fast-growing markets which present attractive growth opportunities.
 
Mekong Capital is strongly committed to adding significant value at each of its investee companies – through operational improvements, building management teams, the introduction of best practices and outside experts, and applying other elements of our Vision Driven Investing framework.


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Mekong Capital


MEKONG ENTERPRISE FUND III
Mekong Enterprise Fund III ("MEF III") was launched in May 2015. MEF III completed its first closing with $87.4 million and final closing in May 2016 with US$112 million in capital commitment. MEF III focuses on investments in Vietnamese consumer-driven businesses such as retail, restaurants, consumer products, and consumer services. The fund may also invest in companies involved in the convergence between online and offline, especially in the retail space.

MEF III applies Mekong Capital’s well proven approach towards adding value as a shareholder, which is grounded in the Vision Driven Investing framework and Mekong Capital’s extensive network of international experts and resources. Mekong Capital commits substantial time and resources to adding value to the companies in which its fund invests, and we believe this has played an important role in the success of many of our past investments. MEF III typically targets investments ranging from $8-15 million, and can make both minority and buy-out investments. MEF III has a 10-year life, and expects to make a total of approximately 10 - 12 investments during the first 4 years of its operations.

VIETNAM AZALEA FUND
Vietnam Azalea Fund was launched in June 2007 with $64 million in committed capital. Vietnam Azalea Fund was a pre-IPO fund which made minority investments in companies which were expected to list on the stock exchange within 12 months of the initial investment. This investment universe distinguished Vietnam Azalea Fund from the Mekong Enterprise Fund series which has a broader investment universe, and is not limited to companies which have imminent listing plans at the time of the investment. 

Vietnam Azalea Fund made a total of 10 investments. Notable among these included Masan Consumer, Phu Nhuan Jewlery (PNJ) and Traphaco. In November 2017, Vietnam Azalea Fund completed its final divestment. The Fund is no longer active and has completed its winding-up procedures.

MEKONG ENTERPRISE FUND II
The Mekong Enterprise Fund II (MEF II) was a $50 million growth capital Private Equity fund launched in June 2006.

MEF II’s investment criteria and approach were significantly different from its predecessor fund, Mekong Enterprise Fund. MEF II shifted its strategy towards investing in consumer driven industries of strategic value, with a particular concentration around retailing, distribution, and consumer products. In addition to a different investment universe and selection criteria, MEF II applied a new and more comprehensive post-investment value creation framework called Vision Driven Investing, which was designed to ensure the investee companies set and achieve big targets.

MEKONG ENTERPRISE FUND
The Mekong Enterprise Fund was launched in 2002 at $18.5 million in committed capital and was fully invested in 10 companies by the end of 2005. The Fund was the first growth capital private equity fund focused on Vietnam.

The Mekong Enterprise Fund invested in unlisted companies in the Vietnamese private sector, with significant exposure to manufacturing and export related industries. Companies invested by the Fund were typically owned and managed by first-generation Vietnamese entrepreneurs. Starting with Mekong Enterprise Fund II, the Mekong Enterprise Fund series shifted its investment focus to more value-added consumer driven industries - especially retailing consumer products - managed by new-generation management teams.

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Capital Place, 8th Floor 6 Thai Van Lung St., District 1 Ho Chi Minh City, Vietnam

Tel.: +84 28 3827 3161 /

Capital Place, 8th Floor 6 Thai Van Lung St., District 1 Ho Chi Minh City, Vietnam

www.mekongcapital.com


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