VIF II, BVIM’s second fund, is an offshore fund which is initially closed on March 31, 2008 at US$42 million.

The Fund seeks to primarily make minority investments in (i) securities of unlisted companies, including private sector companies, former SOEs at the time of or after privatization, (ii) listed securities, (iii) to a lesser extent, the Fund intends to engage in other investment opportunities that meet the Fund’s investment criteria, such as infrastructure companies, business cooperation contracts and others.

The global financial and economic crisis of 2008-2009 adversely affected the subsequent closings and so we were unable to meet the target size of the fund. The Manager has decided to wind up the Fund to return capital.