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.