MEF III has made 9 investments, all of them are in retail, restaurants, consumer products, and service providers to retailers, such as logistics. Many of the companies have already grown substantially since the Fund’s initial investment, for example:
F88, a lending and financial service provider for unbanked people, expanded from 10 branches in December 2015 when Mekong first invested to 888 branches by June 2025. Meanwhile, the loan book increased 37-fold from 2018 to June 2025.
Pharmacity increased from 49 stores in HCMC when Mekong invested in 2017 to 949 stores nationwide by May 2025.
Vua Nem grew from 36 stores in 2017 to a market leading network of 152 stores as of June 2025.
In November 2022, the Fund divested its stake in Pizza 4P’s.
