VinaCapital, A.P. Moller Capital set up joint platform for logistics investment in Vietnam
HCM City (VNA) – VinaCapital, Vietnam’s most diversified asset manager, and A.P. Moller Capital, a global fund manager focused on
high growth markets, have set up a joint platform to
grow and scale investments in transportation and logistics infrastructure in
Vietnam.
With a population of
close to 100 million, a consistent GDP growth rate of over 5%, and a strong and
stable regulatory and investment climate, Vietnam offers clear high growth
opportunities in transportation and logistics.
The partnership,
which will be majority-owned by a fund managed by A.P. Moller Capital, brings
together this sector expertise with the regional knowledge and expertise of
VinaCapital, both leaders in their respective spheres, to build and scale a
portfolio of assets that target top quartile returns in a private capital
structure. Investment and other major decisions will be made jointly.
Dhruv Narain,
Partner at A.P. Moller Capital, said: “We are delighted to be building an asset
portfolio that does well for our investors whilst doing good for communities in
high growth markets - doing this in Vietnam with a committed and reputable
partner like VinaCapital is a privilege."
Andy Ho, Chief
Investment Officer at VinaCapital, said logistics is a critical part of
Vietnam’s economic growth story, and VinaCapital has a successful track record
in the sector over the two decades, including investments in Gemadept and
Transimex, as well as warehouses and industrial parks. Partnership with
A.P. Moller Capital brings together two of the most experienced players in
their respective fields and creates an investment platform that has the
potential to transform the logistics industry in Vietnam.
“We are excited to work with the team
at A.P. Moller Capital to identify and invest in promising Vietnamese logistics
companies and contribute to the sector’s growth and development”, he said./.