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$100m fund to target Kingdom’s growth

Vietnam-based Dragon Capital is raising up to US$100 million for a new Indochina fund, some of which the private equity firm would invest in Cambodian agriculture and infra-structure, Dragon’s chief information officer Bill Stoops said yesterday.

While the majority of the fund will be invested in Vietnamese companies, Stoops said there was considerable opportunity in Cambodia. “We believe there are a lot of big-ticket projects in Cambodia right now,” he said by phone, although he declined to name the projects.

The firm will also look at some investments in manu-facturing, Stoops said. Dragon Capital has a 20 per cent stake in Prassac, Cambodia’s largest microfinance institution by outstanding loans. The firm managed $1.2 billion in 2010, according to its website.

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