Vietnam’s Mekong Capital adds female partner, strengthens leadership

The four Partners of Mekong Capital: Chad Ovel (L), Truong Dieu Le, Nguyen Thi Minh Giang and Chris Freund.

Vietnam-based Mekong Capital, a private equity firm with a strong focus on building corporate culture, has promoted another female partner to oversee talent and culture-related activities.

Nguyen Thi Minh Giang, who joined Mekong Capital in 2010 as an HR officer, has played a critical role in leading the talent and culture team to recruit senior leaders for the firm’s former and existing investee companies.

Mekong Capital’s talent and culture team has recruited at least five management positions per month at its investee companies over recent years, according to its statement.

Giang has played a key role in initiating and organising workshops to enable investee companies to build up their corporate cultures and core values, with more than 70 such events completed so far.

“Minh Giang and I have long been partners in transformation and building a strong culture in Mekong Capital,” said Chris Freund, founding partner of the firm. “Minh Giang has been extremely complimentary to me and the senior management team, adding value in ways that are unique to Minh Giang.”

In 2016, Mekong Capital promoted its first two female partners, Pham Vu Thanh Giang and Truong Dieu Le. Thanh Giang left the firm in 2017.

Meanwhile, Le oversees the operations team, including finance and accounting, investor relations, fund administration and reporting, corporate governance, IT, office administration, and compliance and sustainability.

Mekong Capital is known for its Vision Driven Investing formula, a framework it claims to add values to portfolio companies through 14 elements of corporate governance, financial reporting, talents, digital transformation and corporate culture, among others.

The firm has exited all investments of its first three funds, currently managing nine investee companies of the Mekong Enterprise Fund III (MEF III).

Mekong Capital is raising its fifth fund and fourth in the MEF series, targeting a $250-million hard cap – two times bigger than its current vehicle. International Finance Corporation, a limited partner (LP) in MEF III, is considering a $30-million commitment in the new fund, MEF IV.

With a new, larger fund, Mekong Capital is expected to increase ticket sizes by around 50 per cent to cut cheques between $8 million and $37.5 million. IFC revealed that it would explore co-investments in deals which would be too big for MEF IV to invest in by itself.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.