VictoryCapital, a new investment management firm, has decided to launch a business in Cambodia, and on Monday pledged to invest up to $100 million in the country's domestic economy during the next several years. It also announced a long-term vision to launch a dedicated Cambodia fund.
Simon Luu, formerly with ANZ Bank in Phnom Penh, will be VictoryCapital's country manager in Cambodia. The firm intends to invest in a broad range of sectors, including real estate, hospitality, infrastructure and agriculture.
VictoryCapital is a wholly owned subsidiary of VinaCapital Group, an asset management and real estate development firm focused on Vietnam, Laos and Cambodia.
With $1.7 billion in assets under management, primarily in three investment funds traded on the Alternative Investment Market of the London Stock Exchange, VinaCapital is well placed to deliver international investment across the Mekong region. VinaCapital has raised funds internationally from a range of major institutional investors such as Temasek and Morgan Stanley, as well as European and Japanese pension funds and private banks.
“Through VinaCapital we have access to international funds, which we are aiming to invest in long-term projects in Cambodia that will create value and promote sustainable economic growth,” said VictoryCapital CEO Don Lam.