Vietnam-based PE firm Mekong Capital closes fifth fund at $246m

Vietnam-based PE firm Mekong Capital closes fifth fund at $246m

Vietnam-based private equity firm Mekong Capital has closed its fifth investment vehicle, Mekong Enterprise Fund IV (MEF IV) at $246 million, more than double that of its predecessor fund.

DealStreetAsia had reported earlier that the fund manager was planning to close its fifth fund at a hard cap of $250 million. The vehicle, in which the World Bank’s International Finance Corporation has committed $60 million in capital, had an initial target of $200 million.

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