A.P. Moller Capital, a global fund manager focused on high-growth markets, and VinaCapital, Vietnam’s most diversified asset manager, announced on May 22 the establishment of a joint platform to grow and scale investments in transportation and logistics infrastructure in Vietnam.
With a population of close to 100 million, a consistent GDP growth rate of over 5 per cent, and a strong and stable regulatory and investment climate, Vietnam offers clear high-growth opportunities in transportation and logistics.
A.P. Moller Capital, which is part of the A.P. Moller Group, is a value-add infrastructure fund manager with unique expertise, networks, and people focused on the logistics and transportation sectors. The partnership, between leaders in their respective spheres, will be majority-owned by a fund managed by A.P. Moller Capital and bring together this sector expertise with the regional knowledge and expertise of VinaCapital, to build and scale a portfolio of assets that target top quartile returns in a private capital structure. Investment and other major decisions will be made jointly.
“We are delighted to be building an asset portfolio that does well for our investors while doing good for communities in high growth markets, and doing this in Vietnam with a committed and reputable partner like VinaCapital is a privilege.” said Mr. Dhruv Narain, Partner at A.P. Moller Capital.
According to Mr. Andy Ho, Chief Investment Officer at VinaCapital, logistics is a critical part of Vietnam’s economic growth story, and VinaCapital has a successful track record in the sector over the past 20 years, including investments in Gemadept and Transimex as well as warehouses and industrial parks.
“Our partnership with A.P. Moller Capital brings together two of the most experienced players in their respective fields and creates an investment platform that has the potential to transform the logistics industry in Vietnam,” said Mr. Ho. “We are excited to work with the team at A.P. Moller Capital to identify and invest in promising Vietnamese logistics companies and contribute to the sector’s growth and development.”