TAEL Partners increases investment in Vietnamese companies
TAEL Partners increases investment in Vietnamese companies
TAEL Partners—one of the leading Southeast Asian investment managers headquartered in Singapore—is looking for more domestic partners from Vietnam.
In its annual investor conference held in Ho Chi Minh City on March 21-23, around 100 domestic and international investors attended the presentation of TAEL Partners’ investment plan.
According to Michael Sng, CEO and managing partner of TAEL Partners, Vietnam has proven to be a key investment destination for TAEL Partners. The company aims to bring its investments in Vietnam to regional platforms to forge strategic alliances with other companies in the ASEAN to create regional giants.
“We also hope to promote ASEANness among our business owners so that we can learn best practices from each other, leveraging each other’s comparative advantages and strengths. Further, as a private equity fund, we are providing longer term capital to our business partners in the ASEAN, particularly in the fastest growing markets like Vietnam. While we seek to achieve superior financial returns, we would want to have a strong social impact and improve the quality of life for our ASEAN citizens. It will make a difference for them," Sng said.
TAEL Partners presently manages over $1 billion of assets under management, with its investor base made up of institutional investors, sovereign wealth funds, family offices, and foundations from Asia (in particular the ASEAN), North America, Europe, and the Middle East.
TAEL Partners is now in its second fund (TAEL Two) and since 2013, the fund has invested and committed close to $175 million in eight companies in Vietnam, across different sectors like healthcare, food and agriculture, education, consumer distribution, transportation, and real estate.
With strong economic growth driven by the growing middle class along with supportive and attractive policies for foreign investment, Vietnam will continue to be one of TAEL Partners’ key target markets.
TAEL Partners intends to contribute further and work hand-in-hand with business owners in Vietnam and in particular Ho Chi Minh City to, among other things, enhance living standards, train future generations, and create a sustainable society.
