Mekong Enterprise Fund II

The Mekong Enterprise Fund II is a $50 million growth capital private equity fund. The fund was launched in June 2006.

The Fund’s investment criteria and approach are significantly different from its predecessor fund: the Mekong Enterprise Fund II shifted its strategy towards investing in consumer driven industries of strategic value, with a particular concentration around retailing, distribution, and consumer products. Specific target sectors are carefully selected applying the fund manager’s proprietary top-down approach, and based on regional private equity transaction intelligence. Inside a selected industry, the Fund adheres to investing in the fastest-growing and best managed Vietnamese private-sector companies, owned and led by new-generation entrepreneurs with a track record of building strong management teams. All companies have a clear and focused long-term vision and a committed plan to realize that vision and associated targets.

In addition to a different investment universe and criteria, the Mekong Enterprise Fund II applies a new and more comprehensive post-investment value creation program (please refer to the Vision Driven Investing section) designed to empower its investee companies throughout the entire holding period. For the Mekong Enterprise Fund II portfolio companies, Mekong Capital adopted an executive coaching model at the highest level in the organization, which identifies key constraints to achieving the company’s long-term vision and builds the capacity to address those constraints effectively and sustainably. The program has proven highly successful, resulting in accelerated growth and raised target achievement rates of its investee companies.

To learn more about the Fund's existing investments, please visit our Investments page.

Status of the Fund

The expected life of the Fund is 10 years from June 2006. The Fund made a total 10 investments since its inception, and is currently holding 8 after fully divesting from 2 (ICP and Maison) companies. Among those investments are several market leading companies. The Fund has further realized gains through partial divestments and the distribution of other incomes. The Fund is currently focused on empowering its existing portfolio companies to achieve their long-term visions and targets, which include clear valuation targets. The Fund is on track to meeting its Net IRR objectives.

To learn more about the Fund's exited investments, please visit our Exited page.