Chinh Xuan Hoang, Managing Partner, Excelsior Capital Partners

Vietnam is among the very few Southeast Asian countries that continue to show strong growth and potential, and it will continue to benefit from the China-US tensions, said Chinh Xuan Hoang, Managing Partner, Excelsior Capital Partners, as the “China +1” strategy emerges as a compelling approach for global fund managers.

Growing investor confidence and commitment to regional funds with allocations for Southeast Asian markets amid an ongoing US-China decoupling is also reflected in the number of successful interim closes last year. In 2023, 20 funds reported interim closes, up from seven in the previous year, after collectively raising $33.5 billion of a $39 billion goal.

At the same time, fund managers interviewed for DealStreetAsia DATA VANTAGE‘s recent report Private Equity in SE Asia: H2 2023 Review collectively acknowledged a shift towards increased caution among LPs, owing to the complexities of navigating macroeconomic uncertainties and geopolitical tensions. 

Unlock the Private Equity in SE Asia: H2 2023 Review report for only $299 or upgrade to Premium Plus subscription for greater savings and enjoy full access to up to 36 research reports a year, all for just $1200 ($100/month).

Edited excerpts of an interview with Hoang of Excelsior Capital Partners:

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