By Pramugdha Mamgain
The new funding round has taken the company’s valuation to over $5 billion.
Vincom Retail was Warburg Pincus’ maiden investment in Vietnam.
The fund is looking at sectors including hi-tech industries, artificial intelligence, health care, real estate, as well as traditional private equity.
The private equity firm is learnt to be moving towards first-close of the fund late in the second quarter.
The funds will invest in technology, infrastructure, healthcare, tourism and impact-related projects in China.
The Grand Ho Tram, located near Ho Chi Minh City, comprises hotels, villas, a golf course and casino.
The firm is in the market to raise about $1.75 billion for its eighth fund.
It is seeking to cut operating costs as uncertainty over the U.K.’s exit from the European Union looms.
Khazanah MD Shahril Ridza Ridzuan said the wealth fund’s investment in MAS remains relevant despite the airline missing its target to breakeven last year.
In 2018, the firm closed its flagship Europe, Asia, and emerging markets-focused fund at $1.7 billion.