Jun 10, 2019 / 21:39

Mirae Asset forms strategic partnership with VinaCapital Ventures

The Hanoitimes - Following the partnership, Mirae Asset, one of the world’s leading asset managers overseeing USD375 billion in assets, will invest an undisclosed amount in VinaCapital Ventures.

VinaCapital Ventures, the technology investment company of VinaCapital, on Monday announced the formation of a strategic partnership with Mirae Asset – Naver Asia Growth Fund, a US$1 billion joint fund by Korea’s financial group Mirae Asset and Korea’s internet company Naver, stated the former in a statement. 
 
ran Nhat Khanh, partner at VinaCapital Ventures at the Vietnam Venture Summit on June 10.
Tran Nhat Khanh, partner at VinaCapital Ventures at the Vietnam Venture Summit on June 10.
Following the partnership, Mirae Asset, one of the world’s leading asset managers overseeing more than USD375 billion in assets, will invest an undisclosed amount in VinaCapital Ventures, while technology firm Naver will work with VinaCapital Ventures and its portfolio companies to help them grow and potentially expand beyond Vietnam.

“We are excited to collaborate with Mirae Asset and Naver not simply for the financial investment but for the opportunity to access the experience and technologies that will help our investee companies reach their potential,” said Tran Nhat Khanh, partner at VinaCapital Ventures at the Vietnam Venture Summit on June 10. 

Charlie (Choonghwan) Lee, head of Outbound Investment at Mirae Asset Capital, which is the general partner of the fund, said, “We are delighted to partner with VinaCapital, which is one of the pioneering venture capital investors in Vietnam. We share their belief that the opportunities in this country are enormous, and we look forward to working with them and their investees to achieve even greater success.”

Launched in 2018, VinaCapital Ventures is a US$100 million technology holding company that invests in the next generation of Vietnamese and Southeast Asian startups.