Carey Olsen advises AVI Frontier Fund I on second close and investment into Techcombank
The new funding round follows the fund's successful first close last July and subsequent exit from its first investment, which returned 37% gross in six months to investors.
Partner Chris Griffin led the Carey Olsen team advising AVI and was assisted by associate Katrina Lindsay.
Mr Griffin commented: "It's good to see AVI using the ever-popular and flexible Jersey Private Fund regime to build track record in the South-east Asian markets."
Richard Chilvers of AVI Partners said: "AVI is delighted to have completed its second investment into Vietnam. It offers an unparalleled play into the financial services sector of a high growth frontier market. The banking industry itself is underpenetrated and underscored by strong revenue and margin growth.
"AVI continue to display the strength of their relationships and in-country expertise in gaining such significant exposure to a highly oversubscribed IPO."