VCBF’s Alternative Investment (“AI”) team had managed capital for both onshore and offshore institutional investors in three closed-end funds that had peak-committed capital of US$160 million. These funds are as follows:

Vietcombank Partners Fund 1 ("VPF1")

An onshore (VND) private equity fund launched in late 2005 and managed on behalf of a group of domestic banks, focusing primarily on investment opportunities in partial privatizations of Vietnam’s State Owned Enterprises and investment opportunities sourced from Vietcombank’s clients.

Vietcombank Partners Fund 2 ("VPF2")

An offshore (USD) private equity fund launched in late 2006 and managed on behalf of a group of international institutional investors, focusing primarily on growth-equity investments in Vietnam’s leading private corporations. The fund was liquidated and wound up in 2011.

Vietcombank Partners Fund 3 ("VPF3")

An onshore (VND) private equity fund launched in late 2007 and administered on behalf of a number of Vietnam’s largest corporations, focusing primarily on making investments in projects put forward by the Fund’s members and companies at an earlier stage of development.