Vietnam-focused private equity firm Mekong Capital is looking to build a climate fund worth up to $200 million as early as next year, focusing on investments that will help with the regeneration of forests in the Mekong region.
The Ho Chi Minh City-based firm is setting up a team for the fund, which will look at businesses that will help restore forests including those involved in organic and seaweed farming in the Mekong region comprising Laos, Cambodia, Thailand and Vietnam, its founder and partner Chris Freund told Reuters.
"There are actually a lot of businesses like that that are doing those things in this region," Freund said in an interview. "But there's really no fund investing in those." The climate fund is set to be the first to focus specifically on Southeast Asia with the launch coming at a time when investors globally are increasingly focusing on investments that can help in the fight against global warming.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘The Little Mermaid’ Tops Domestic Box Office as ‘Fast X’ Runs Out of GasTheLittleMermaid swims into the top spot at the domestic box office as FastX runs out of gas.
Read more »
Start your summer right with a projector and screen on sale for $200Save on home screenings this summer!
Read more »
bet365 bonus code NYPNEWS grants $200 in bonus bets for Rays-Cubs or any game MondayUse the bet365 bonus code NYPNEWS to score big this Monday.
Read more »
Stimulus check update: Deadline to apply for program paying $200 every month is in five daysMusicians in New York still have a few days left to apply to a guaranteed income program that will give them an extra $200 every month.
Read more »
Vietnam capital dims street lights to save energy during heat waveAuthorities in Vietnam's capital of Hanoi are turning off street lights to keep the national power system running amid record temperatures bringing a surge in demand in some parts of the Southeast Asian nation.
Read more »
Vietnam capital dims street lights to save energy during heatwaveAuthorities in Vietnam's capital of Hanoi are turning off street lights to keep the national power system running amid record temperatures bringing a surge in demand in some parts of the Southeast Asian nation.
Read more »