Bangkok--21 Jul--Veropr
Dragon Capital Launches the Mekong Brahmaputra Clean Development Fund with Emphasis on Self-Sufficiency and Environment
Dragon Capital, the award-winning investment management group based in Vietnam with an office in Bangkok, has launched its first Asian regional fund to invest in renewable energy, energy efficiency and water and waste management.
Dominic Scriven, CEO of Dragon Capital commented: “This is an innovative fund, which will deliver solid financial returns and positive environmental and social impacts, in a set of developing countries in the Mekong and Brahmaputra regions.”
Dragon Capital will manage the Clean Development Fund, which has attracted commitments of $45 million in the first fundraising phase. “We have been encouraged to see the interest generated by this unique Fund. We have been able to attract substantial contributions from leading financial institutions such as FMO, Asian Development Bank, Finnfund and BIO,” said Mr. Scriven.
“The Mekong Brahmaputra Clean Development Fund emphasizes both the importance of energy self-sufficiency and also environmental welfare, both critical issues in driving responsible economic development in Vietnam and the Asian region. Dragon Capital is proud to be the innovator of this fund and looks forward to its positive contribution within these fast-developing countries,” said Mr. Scriven.
The Fund is the first sustainable investment fund to be launched in Vietnam and the biggest fundraising so far in 2010. The Fund can grow to a maximum of $100m in a scheduled second fundraising phase in 2011.
The Mekong Brahmaputra Clean Development Fund will finance projects of renewable energy, energy efficiency, water conservation and waste recycling in countries including Vietnam, Thailand, Lao PDR, Cambodia, Nepal, Sri Lanka, Bhutan and Bangladesh.
The fund is led by clean investment specialist, Gavin Smith and the financial specialist Joseph J. Hoess, managing research teams based in Ho Chi Minh City and Bangkok. “The Fund teams are eager to meet qualified companies who see the fund as a potential strategic financial partner which can bring both capital and a deep technological and regional expertise,” said Mr. Smith.
About Dragon Capital
Established in 1994, Dragon Capital Group is an integrated investment group which started out investing in Vietnam from an initial base of US$16m and eight staff. At June 2010, Dragon Capital managed US$1.1bn with a headcount in excess of 100 at offices in Ho Chi Minh City, Hanoi, United Kingdom and Bangkok. The Company is owned 85% by its management and staff. For more information, please visit www.dragoncapital.com.
สอบถามข้อมูลเพิ่มเติม โทร. 026841551 Veropr