KKR-led consortium enters into $650m investment in Vietnam

A consortium led by KKR that includes Temasek has completed the acquisition of an investment in Vinhomes Joint Stock Co., the leading integrated real estate developer in Vietnam.

The KKR-led consortium has collectively invested VND 15.1 trillion ($650 million), which translates into a 6 percent equity stake in Vinhomes. Following the transaction, Vingroup Joint Stock Company will continue to be the controlling shareholder of Vinhomes. KKR is making the investment primarily from its Asian Fund III.

The investment from the KKR-led consortium underscores the attractiveness of Vietnam as a regional investment destination, with its strong development and growth prospects. The investment into Vinhomes further emphasizes the attractiveness of Vinhomes as an investment opportunity, given its position as Vietnam’s leading integrated real estate platform with unparalleled execution capabilities, access to a sizable land bank, and significant growth opportunities in residential