Mekong Capital

Mekong Capital

Company type	Limited Liability
Industry	Private Equity
Founded	2001
Headquarters	Sonatus Building, 25th floor, 15 Le Thanh Ton, Ben Nghe Ward, District 1, Ho Chi Minh City, Vietnam
Key people	Chris Freund - Founder and Partner
Number of employees	41
Website	www.mekongcapital.com

Mekong Capital is a Vietnam-focused private equity firm. Operating in Vietnam since 2001, Mekong Capital is one of the first private equity firms to engage Vietnam, and has completed 44 private equity investments (including 34 full exits) in Vietnam through 5 funds. ^[1] Mekong Capital has offices in Ho Chi Minh City, Hanoi. ^[2] Focusing on manufacturing companies until 2005, Mekong Capital shifted its focus towards consumer-driven businesses in 2006, including retail, consumer products, education and healthcare. From 2020 onwards, the firm also expanded into agri-tech and bio-tech investments, and has discussed plans to expand to regenerative agriculture ^[3] . Mekong Capital has invested significant resources in developing its own corporate culture, ^[4] and in the corporate culture of its portfolio companies, and has been the subject of several case studies from 2010 onwards. ^{[5] [6]}

Mekong Capital was founded by Chris Freund in 2001. Freund was with Templeton Asset Management, based in Vietnam and Singapore, from 1995 to 2001.

Mekong Capital won Private Equity International's awards, including Operational Excellence Award 2015 for the Asia-Pacific Small Cap Category. ^[7]

Mekong Capital's notable current investments

• Gene Solutions ^{[8] [9]}
• F88
• Marou
• LiveSpo ^[10]
• Entobel
• Pharmacity

Exits

As of 2024, Mekong Capital has completed 34 full exits. Among these are companies that Mekong Capital supported and helped list on stock exchanges during their investment period, including Tan Dai Hung, Mobile World, Intresco, Traphaco, Phu Nhuan Jewelry, Loc Troi and Nam Long.

Some of Mekong Capital's successful past investments include:

• Mobile World (The Gioi Di Dong) ^{[11] [12] [13]}
• Phu Nhuan Jewelry (PNJ)
• Golden Gate Group
• Vietnam Australia International School (VAS)
• Loc Troi Group
• Pizza 4Ps

Funds

• Mekong Enterprise Fund, Ltd. ^[14]
• Mekong Enterprise Fund II, Ltd. ^[15]
• Vietnam Azalea Fund, Limited ^{[16] [17]}
• Mekong Enterprise Fund III, Ltd. ^[18]
• Mekong Enterprise Fund IV, Ltd ^[19]

References

1. "Dealstreet Asia - Vietnam's first PE firm Mekong Capital still sees IPOs as a viable exit path".
2. "PEIAsia - Mekong's Vietnam Venture" (PDF). Archived from the original (PDF) on 2014-04-24. Retrieved 2012-07-18.
3. https://www.bloomberg.com/news/articles/2025-06-09/mekong-capital-plans-a-200-million-agriculture-fund-next-year
4. "Bloomberg - A New-Age Corporate Culture Transformed a Fund Manager's Fortunes". Bloomberg News .
5. "Harvard Business Review - Mekong Capital: Building a Culture of Leadership in Vietnam".
6. "London Business School Case Study - Mekong Capital: The Importance of Corporate Culture in Emerging Markets Private Equity". Archived from the original on 15 July 2012.
7. Mekong Capital wins PEI award for Cong Vang deal
8. "PR Newswire - Gene Solutions Leads the Way in Cancer Early Detection with Asia's First Clinical Validated Multi-Cancer Blood Test".
9. "Gene Solutions Publications".
10. "The Associated Press - LiveSpo NAVAX Nasal-Spray Probiotics: A New Approach in Supporting the Treatment of Rhinosinusitis and Otitis Media".
11. "Ivey Publishing - Mekong Capital and Mobile World (A): Growing a US$100 Million Company In Vietnam". www.iveypublishing.ca. Retrieved 2025-07-02.
12. "Ivey Publishing - Mekong Capital and Mobile World (B): Bob Willett". www.iveypublishing.ca. Retrieved 2025-07-02.
13. "Ivey Publishing - Mekong Capital and Mobile World (C): Venturing into New Countries and Segments". www.iveypublishing.ca. Retrieved 2025-07-02.
14. Mekong Enterprise Fund Archived 2013-04-14 at archive.today
15. FinanceAsia - Latest Vietnam Private Equity Fund Fully Subscribed
16. FinanceAsia - Mekong Capital continues to capitalise on Vietnam interest
17. "Vietnam Azalea Fund". Archived from the original on 2012-07-02. Retrieved 2012-07-18.
18. Mekong Capital in fundraising for Fund III
19. "Vietnam-based PE firm Mekong Capital closes the fifth fund at $246m". DealStreetAsia. Retrieved 2021-05-27.