Logo of Phnom Penh Post newspaper Phnom Penh Post - $100m fund to target Kingdom’s growth

$100m fund to target Kingdom’s growth

$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.

MOST VIEWED

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Long way to go before Cambodia gets a ‘smart city’

    Phnom Penh, Siem Reap and Battambang will struggle to attain smart city status without adopting far reaching master plans, according to officials tasked with implementing the program. The brainchild of the Association of Southeast Asian Nations (Asean), the smart city program seeks to link up

  • Ministry’s plan for net sparks fears

    The government has ordered all domestic and international internet traffic in the Kingdom to pass through a Data Management Centre (DMC) that has been newly created by the state-owned Telecom Cambodia, in a move some have claimed is an attempt to censor government critics. Spokesman

  • China-Cambodia tourism forum held

    The Cambodian tourism sector must be prepared to welcome a growing number of Chinese tourists, as they lead the globe in the number of outbound travellers and were responsible for the most visitors to the Kingdom last year, the country’s tourism minister said on