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.
MEF II made a total of 10 investments between 2006 and 2011. Some of its notable investments included MobileWorld, Golden Gate, Vietnam Australia International School, ICP and Mai Son Retail. MEF II completed the sale of its final investment, Asia Chemical Corporation, in August 2018. MEF II is no longer active.
Over its lifetime, MEF II delivered a net return multiple of 4.6x and a net IRR of 22.7%.
The successor fund to MEF II is Mekong Enterprise Fund III.
To learn more about MEF II’s exited investments, please visit our Exited page.