fbpx 49267-001: VI (Vietnam Investments) Fund III, L.P. | Asian Development Bank

Regional: VI (Vietnam Investments) Fund III, L.P.

Nonsovereign (Private) Project | 49267-001 Status: Approved

An equity investment of up to $20 million in a $250 million multi-sector private equity (PE) fund focusing on growth stage middle-market companies (MMCs) in the Greater Mekong Sub-region (GMS). The fund would invest in Viet Nam, Cambodia, Lao PDR, and Myanmar. The Fund will be established to makeequity or equity-linked investments focusing on the following sectors: (i) healthcare; (ii) education; (iii) manufacturing and distribution of fast moving consumer goods (FMCG); (iv) retail; and (v) transportation and logistics.

Project Details

Project Officer
Teo, Yee Hean Private Sector Operations Department Request for information
Country
  • Regional
Sector
  • Finance
 
Project Name VI (Vietnam Investments) Fund III, L.P.
Project Number 49267-001
Borrower/Company VI (Vietnam Investments) Fund III, LP
Country Regional
Location Regional
Type or Modality of Assistance
7490 Equity Ordinary capital resources USD 20.00 million Approved
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Partnerships
Private sector development
Sector / Subsector

Finance / Infrastructure finance and investment funds

Gender Equity and Mainstreaming No gender elements
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Portfolio Management Division, PSOD
Responsible ADB Officer Teo, Yee Hean
Project Sponsor(s) VI Group
Description An equity investment of up to $20 million in a $250 million multi-sector private equity (PE) fund focusing on growth stage middle-market companies (MMCs) in the Greater Mekong Sub-region (GMS). The fund would invest in Viet Nam, Cambodia, Lao PDR, and Myanmar. The Fund will be established to makeequity or equity-linked investments focusing on the following sectors: (i) healthcare; (ii) education; (iii) manufacturing and distribution of fast moving consumer goods (FMCG); (iv) retail; and (v) transportation and logistics.
Objectives and Scope The fund aims to provide primarily growth capital and technical expertise to fast growing middle-market companies and SMEs with the potential to gain or consolidate significant market share in their respective industries.
Linkage to Country/Regional Strategy
Safeguard Categories
Environment FI
Involuntary Resettlement FI
Indigenous Peoples FI
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 15 Feb 2016
Credit Committee Meeting 05 Sep 2016
Approval 15 Nov 2016
Last PDS Update 12 Jun 2019

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Title Document Type Document Date
VI (Vietnam Investments) Fund III, LP: Report and Recommendation of the President Reports and Recommendations of the President Oct 2016
Vietnam Investments Fund III: Initial Poverty and Social Analysis Initial Poverty and Social Analysis Jul 2015

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

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