Vietnam property deal highlights new Asian PE model

Author: Ashley Lee | Published: 30 Jul 2013
  • EXS Capital’s $37 million investment into Vietnamese real-estate developer Son Kim Land comes after renewed private equity interest in the jurisdiction;
  • The firm itself may represent a newer, more flexible model for PE in Asia;
  • The investment was financed by a fund set up solely for this investment, and raised while the project was put together;
  • This model allows private equity firms to be more nimble in their investments, which is key in Asia’s emerging markets and may soon become important in the US and Europe.

EXS Capital's $37 million investment into Vietnamese real-estate developer Son Kim Land promises a new paradigm for private equity (PE) firms looking to do deals in Asia's emerging markets.

Despite Vietnam’s uncertain legal environment, volatile economy, and banking sector being mired...