HCM City (VNA) – Singapore-based company Blackhorse Asset Management launched its investment fund Blackhorse Enhanced Vietnam Inc in Ho Chi Minh City on November 14.
Blackhorse Asset Management (BAM) currently manages a capital of 680 million USD, while Blackhorse Enhanced Vietnam Inc (BEVI) has an initial capital of 110 million USD.
BEVI is one of the only Viet Nam-specific open off-shore investment vehicles. The fund can invest in Viet Nam ’s listed and pre-listed companies, as well as Viet Nam-related companies that are listed outside the country.
Through its prime broker, Citygroup, BEVI is able to leverage up to 150 percent of the listed portion of the portfolio.
The fund has negotiated with companies operating in Viet Nam to expand its operations. Truong Hai automobile and Bong Sen hotel companies are the first recipients of BEVI investments.-Enditem
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