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Company type | Private limited company |
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Industry | Investment management, Asset management, Real estate, Venture capital, clean energy, private equity |
Founded | 2003 |
Founders | Horst Geicke Don Lam |
Headquarters | 115 Nguyen Hue, Ben Nghe Ward, District 1, Ho Chí Minh City, Vietnam |
Key people | Jonathan Choi (Chairman) Don Lam (CEO) |
Products | asset management, investment management |
Website | vinacapital |
VinaCapital is one of the largest investment management firms in Vietnam. [1] [2] [3] As of 2023, the firm has more than $3.9 billion in assets under management. [4]
VinaCapital was founded in 2003 by Don Lam [5] [6] [7] and Horst Geicke, who served as executive chairman until 2012. [8] [9] [10] The company developed a diversified portfolio including several funds [11] [8] [12] and also founded the VinaCapital Foundation, a public charitable organization to empower children and youth in Vietnam such as financing of cardiac surgery. [13] [14] [15]
In 2003, the firm launched the VinaCapital Vietnam Opportunity Fund, a closed-end fund now trading on the London Stock Exchange’s Main Market. [16]
In 2006, VinaCapital and Draper Fisher Jurvetson launched DFJVinaCapital, a venture capital fund to invest in technology companies and privatised telecommunications companies. [11] [17]
In August 2018, VinaCapital launched VinaCapital Ventures, a technology investment platform. [18] In June 2019, the company announced that it had formed a strategic partnership with the Mirae Asset - Naver Asia Growth Fund. [19]
In July 2019, VinaCapital acquired Smartly Pte Ltd., a Singapore-based robo-advisory investment platform, which it wound down in March 2020 due to "intense competition". [20] [21]
VinaCapital was awarded "Best Fund House - Vietnam" by Asia Asset Management magazine in 2018, [22] 2019 [23] and 2020. [24]
In March 2021, the company announced that it would jointly invest with GS Energy to develop a 3,000MW LNG power plant in Long An province. [25] In October 2021, VinaCapital announced that EDF Renewables had made a "significant investment" in its rooftop solar subsidiary, SkyX. [26]
In May 2023, VinaCapital announced that it had formed an infrastructure and logistics investment platform with the fund manager, A.P. Moller Capital. [27]
The current Chairman is Jonathan Choi, the Chairman of Sunwah International in Hong Kong. [28] The CEO is Don Lam, who co-founded the company in 2003 after working at PwC (Vietnam). [29] [30] [31]
VinaCapital's funds include: