Mekong Capital names first female partners

Pham Vu Thanh Giang and Truong Dieu Le, who have been with the firm for a combined 20 years, became the first female investing partners at Mekong Capital.

Vietnam-focused private equity firm Mekong Capital has appointed Pham Vu Thanh Giang and Truong Dieu Le as partners at the firm, it said in a statement.

Pham and Truong will work alongside current partners Chad Ovel and Chris Freund in deal sourcing, investment strategy and development.

A spokesperson for Mekong Capital told Private Equity International that the firm is also looking to grow its investment team, with up to three more new hires expected in the near future.

Pham has been with the firm since 2007, serving as one its senior deal leaders. She was involved in transactions including Phu Nuan Jewellery and Vietnam Australia International School, and is a member of the board of directors of both companies.

Truong joined Mekong Capital in July 2003 and has been leading the firm’s operations team since 2006. She manages activities which include fund administration and reporting, corporate governance and compliance. Before heading the operations team, Truong was involved in the appraisal and value-adding activities for the firm’s portfolio companies.

“The much-deserved promotion of Le and Thang Giang to Partner roles, joining myself and Chad Ovel as Partners, represents the fulfilment of our transformation into a true partnership culture,” Chris Freund, founding partner of Mekong Capital commented. “This is a source of great pride and satisfaction for me, and a great step towards the long-term sustainability of Mekong Capital.”

Mekong Capital recently closed its fourth fund, Mekong Enterprise Fund III, on $112 million, having initially targeted $150 million.

The fund is looking to invest in between 10 and 15 companies in the retail, technology and consumer-oriented sectors, with ticket sizes ranging from $8-15 million. Fund III has already invested in a Vietnamese retail company, the spokesperson added.

Among its current investments are chemicals distributor Asia Chemical Corporation; pharmaceutical company Traphac; and mobile phone retailer Mobile World.