Company type | Private limited company |
---|---|
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: