PROJECT

Projects

Summary of Investment Information

Project Number

45019

Company Name

ASCEND VIETNAM VENTURES

Date SPI Disclosed

Nov 22, 2023

Country

Viet Nam

Region

East Asia and the Pacific

Projected Board Date

Aug 11, 2021

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 21, 2023

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Apr 4, 2017
Signed : Jun 30, 2022
Invested : Apr 19, 2023

Sector

Venture Capital Fund

Project Description

The proposed investment is for up to US$3 million equity in AVV Alpha, L.P., (“AVV”, or the “Fund”). AVV is a US$50 million (target) Vietnam focused venture capital fund. The Fund will be investing in seed and pre-A stage technology-driven opportunities, mostly focusing on fintech, enterprise services, online commerce, health technology, education technology, media, and logistics.                                                    

Associated Advisory Engagement

There is no Advisory Engagement associated with the project at this stage.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation