According to the bank document, the Fund is aiming to invest in growth investments in Vietnam, taking significant minority positions. One of the key elements of Excelsior Vietnam's investment strategy is a promotion of cross-border collaboration with Excelsior Asia portfolio in other Asian countries. By investing in "Excelsior Capital Vietnam" FMO intends to support local entrepreneurs and owners of small and medium-sized companies by providing capital for growth and operational advice. Industries supported include retail, education and healthcare.
"Excelsior Capital Vietnam" is a sector-agnostic private equity fund focused on Vietnam managed by "Excelsior Capital Asia" with 19 years of experience investing in Asia and 5 private equity funds under management. The Fund will be managed by a local team based in Vietnam.
*There is no further information being disclosed at this stage of the project*
ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism