The fund is a joint venture between VinaCapital, based in Ho Chi Minh City, and DFJ, based in Menlo Park, Calif. VinaCapital’s website lists the fund size as $50 million. As of March, it had only raised $25 million, according to a regulatory filing.
Jennifer Fonstad manages the relationship for DFJ and Horst Geicke, Don Di Lam and Louis Nguyen are listed as fund directors. VinaCapital’s website also lists Jonathan Koon-shum Choi as the fund’s chairman.
The partnership has a 2.5% management fee and a 20% carry and plans to recruit technology experts as limited partners, according to VinaCapital’s website.