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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
NGUYEN THI BICH NGOC, DealStreetAsia | Vietnam

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.

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