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Vietnam-focused equity firm blames coronavirus for fund shortfall

Penm Partners delays $150m investment vehicle until yearend amid dismal economy

A police officer stands guard near the house of a coronavirus patient in Hanoi. Penm Partners expects to wait out the pandemic before funding its new investment vehicle.   © Reuters

HANOI -- Vietnam-focused private equity firm Penm Partners expects slow-going for its fifth fund as the global economy reels from the effects of the new coronavirus, according to a senior executive.

The Danish firm hopes to raise about $150 million for its PENM V fund -- the same amount as its previous investment vehicle -- Managing Partner Hans Christian Jacobsen told DealStreetAsia.

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