About BVIM
Who We Are
Vietnam Investment Fund
VIF, BVIM’s first closed-end fund, is a domestic fund that initially
closed at approximately VND1.1 trillion (US$68.8 million). At the time, VIF was
the single largest domestic fund raising.
In March of 2007, BVIM officially closed VIF for investment at a total VND1.5 trillion (US$94.7 million) in
committed capital. VIF’s domestic investor base is comprised of leading Vietnamese
firms, including several State-Owned Enterprises (SOEs) and private companies.
International investors include institutional investors from Japan and the US.
Fund Objectives
The primary investment objective of the Fund is
long-term appreciation of Capital Contributions through investment in a
portfolio of securities of Vietnamese companies and projects.
Fund Information
Fund Size
US$94.7 million
Inception Date
March, 2006
Closed
March, 2007
Fund Term
8 years, with 2 one-year extensions
Management Fee
2% per annum
Preferred Return
9% per annum
Performance Fee
20%
Leverage
Maximum of 30% total committed capital
Capital Commitment by the Fund Manager
US$11 million
Supervising Bank
HSBC –
Auditor
KPMG Limited
Legal Advisor
Freshfields Bruckhaus Deringer
Investment Manager
BVIM
Investor Base
VIF I’s domestic investor base is comprised of leading Vietnamese firms, including several State-Owned Enterprises (SOEs) and private companies. International investors include institutions from
· A strong financial base
· The search for high risk-adjusted returns
· A requirement for diversification in terms of industries, deal types, and number of holdings
· A long-term investment view
