Philosophy
Our philosophy is simple: We opportunistically invest in Vietnam’s most promising companies and help them scale up and become even more successful. Such companies are typically not yet listed on a stock exchange, and our fund is unique in that we have the ability to take significant minority stakes in privately held companies.
Opportunistic Investors
Opportunistic Investors
We seek differentiated investment opportunities across public and private companies by adopting a private equity approach to deliver superior risk-adjusted returns over the long-term. If justified, we may continue to stay invested when our private holdings get listed on the stock exchange.
Privately Negotiated Investments
Privately Negotiated Investments
We invest in most companies through a privately negotiated process, regardless if they are privately held or listed on the stock exchange. We seek to negotiate terms to provide downside protections without limiting the upside potential and exit clauses to navigate the limitations of a fundamentally illiquid market.
Benchmark Agnostic
Benchmark Agnostic
We are benchmark agnostic. Our sole focus is on finding the best companies that are benefiting from the growth of the domestic economy and the growing middle class, in sectors as diverse as consumer and healthcare to construction materials and real estate.
Active Management
Active Management
We typically take significant minority stakes in private companies we invest in that often gives us a board seat, allowing for an active role through providing advice based on our extensive experience.
Return on Capital
Return of Capital
We are committed to consistently returning capital to our shareholders via a long-running share buyback programme and, uniquely for Vietnam-focused investment trust, the payment of bi-annual dividends.
Long-term Investors
Long-term Investors
We are not constrained by the short lifetimes of many PE funds, understanding that sustainable growth can take some time. This approach ensures that we have sufficient time to work with companies to realize their intrinsic value and ultimately generate returns for our shareholders.
We invest in the best opportunities across public and private markets to generate long-term, compounding returns for our shareholders.
Khanh Vu
Lead Portfolio Manager
investment cases
Investing in listed and privately held companies benefiting from Vietnam’s structural growth regardless of sector
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