NextBold Capital, a Vietnamese private equity firm, is interested in creating a $100 million fund to assist small and medium-sized enterprises (SMEs) in Vietnam, Cambodia, and Laos.
Three rapidly expanding markets that are ready for expansion are Vietnam, Cambodia, and Laos. NextBold Capital announced in a statement that the company is launching its first fund to invest in SMEs throughout these countries.
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The fund, according to the statement, targets small and medium-sized enterprises (SMEs) in strategic cities in Vietnam, Cambodia, and Laos. These are fast growing markets as a result of a growing middle class, vibrant entrepreneurial cultures, and a rise in foreign investment.
The company targets markets where it believes there are chances for governance change and value creation, such as consumer goods, services, healthcare, and education.
The company’s first $100 million fund will invest in companies in Vietnam, Cambodia, and Laos that are in the fields of agribusiness, consumer products, healthcare, education, and technology. It seeks to make companies more globally competitive by offering localized knowledge and encouraging long-term expansion.
Sjoerd Zwinkels, Managing Partner of NextBold Capital, said “Global investors continue to underserve these areas, especially when it comes to SMEs. By providing the proper combination of funding and operational support, we see tremendous potential for value development”.
In order to support the expansion of SMEs throughout Southeast Asia, NextBold Capital’s first $100 million fund has increased its fundraising efforts in the middle of the year. The fund, which has already received commitments from a number of family offices, has begun researching the market and has already initiated pre-funding agreements in the healthcare and education sectors.
Founded in Ho Chi Minh City, Vietnam, NextBold Capital is a private equity business that supports the expansion of small and medium-sized enterprises (SMEs) in Southeast Asia by providing both operational and capital investment.
Sjoerd Zwinkels, a former investment director at Mekong Capital, and Pedro Baliza and Jonas Wilbert, former executives of the Fitness & Lifestyle Group funded by Quadrant, who have a wealth of operational and investing experience, co-founded the firm. In order to support companies in these sectors in scaling sustainably, the company seeks to offer not only finance but also practical operational experience.
About NextBold
NextBold’s operationally active style is unique and mostly suited to companies seeking expertise to support execution of their strategy. They collaborate with their portfolio teams to develop strategic and operational plans focused on enhancing management capabilities, establishing operational best practices, and accelerating growth.
