US buyout firm PHI Group to set up Vietnam real estate investment fund

Source image World Travel Guide

US-based private equity investment firm PHI Group has entered into an agreement with Hanoi MHD Invest Joint Stock Company (MDH) to establish a real estate investment fund in Vietnam, according to the company’s announcement.

Under the agreement, the two sides will invest in a real estate sub-fund, under the master Reserved Alternative Investment Fund (RAIF) set up by PHI in accordance with the Luxembourg Institutional Bank Fund Laws.

The size of the fund is not disclosed but it is expected that it will increase substantially over time to meet the growing needs of investment and development in the Vietnamese real estate market.

PHI will engage MHD for the execution of its building projects in Vietnam, including Asia Diamond Exchange in the Free-trade Section of the Chu Lai Open Economic Zone, Quang Nam Province, Vietnam.

In addition, MHD and PHI will cooperate to finance or invest in other third-party real estate and hospitality projects in Vietnam as opportunities arise.

PHI Group focuses mainly on acquisitions and buyouts in selected industries, investing in special situations and provides corporate and project finance services, including M&A advisory and consulting services for other companies.

MHD participates in construction, project management, real estate investment and development in Vietnam and is currently building two 40-storeyed towers in Hanoi.

Last year, PHI Group bought a minimum of 51 per cent interest in northern Vietnam-based agriculture company Hoang Minh Chau Hung Yen LLC (HMC) in a cash and stock transaction.

Also Read: 

Vietnam real estate on upswing as foreign investments increase 

Vietnam: Buyout firm PHI Group to acquire major stake in agribusiness HMC  

Foreign investors flock to Vietnam’s real estate market chasing higher returns 

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.

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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. 
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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.