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.