Mekong Enterprise Fund III L.P. (IFC-34408)

Countries
  • Vietnam
Geographic location where the impacts of the investment may be experienced.
Specific Location
Small and mid-market companies in Vietnam (SME)
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 2, 2014
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Mekong Enterprise Fund III Limited Partnership
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 15.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 4, 2021

Disclosed by Bank Apr 30, 2014

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

Mekong Enterprise Fund III, L.P. is a ten-year private equity fund with a target size of US$150 million. The Fund will focus on the fast growing consumer sector in Vietnam.

Mekong Capital Partners is an independent private equity firm investing in small and mid-market companies in Vietnam. It was established in 2001 by Mr. Chris Freund. It currently has around 14 investment professionals with offices located in Ho Chi Minh City and Hanoi, Vietnam.

Expected development impact includes:
(i) supporting the mid-cap market in Vietnam with access to an alternate source of funding,
(ii) improving access to debt and capital markets for the Fund's investee companies,
(iii) supporting a promising local fund manager in Vietnam and thereby providing demonstration effect for financial viability of private equity as an asset class for SMEs, and
(iv) promoting sustainable private sector and creating employment

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Mekong Capital Partners is an independent private equity firm investing in small and mid-market companies in Vietnam. It was established in 2001 by Mr. Chris Freund. It currently has around 14 investment professionals with offices located in Ho Chi Minh City and Hanoi, Vietnam.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Mekong Capital Parent Company -
- - - - Mekong Enterprise Fund III Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

1/The Project Contact
Chris Freund -Partner-Mekong Capital
Capital Place, 8th Floor, 6 Thai Van Lung St.
District 1, Ho Chi Minh City, Viet Nam.Tel: (84 8) 3827 3161
Fax: (84 8) 3827 3162
Email: mailto:Chris@mekongcapital.com

2/IFC Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster

3/Local contact for Project Documentation
Chris Freund Partner Mekong Capital
Capital Place, 8th Floor, 6 Thai Van Lung St.
District 1, Ho Chi Minh City, Viet Nam Tel: (84 8) 3827 3161
Fax: (84 8) 3827 3162
Email: mailto:Chris@mekongcapital.com

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

How it works

How it works