Vietnam-based PE firm ABB seeks $100m for second fund

Vietnam-based PE firm ABB seeks $100m for second fund

A skytrain line in Hanoi, Vietnam. Photo: Ngoc Nguyen.

Vietnam-based private equity (PE) firm ABB is in the market raising a $100-million second fund, with expectations to close the fund in the first half of this year, according to a top executive with the firm.

ABB, which is associated with local investment banking firm Asia Business Builders, launched its first $20-million PE fund in 2018 which has now fully invested.

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