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...