Vietnam-based asset management firm VinaCapital has postponed investments worth about $160 million in two private equity projects due to unfavourable market conditions.
The firm had signed legal documents to invest about $100 million and $60 million in each project since the start of July but has now decided to postpone the deals with a hope to resume next year, VinaCapital chief investment officer Andy Ho told DealStreetAsia in a recent interaction.