SonKim Land raises $100m follow-up in partnership

SonKim Land Corporation, a leading Vietnamese real estate developer, and EXS Capital Limited, an independent alternative investment group dedicated to Asia, have held a $46 million first-round closing, out of an expected $100 million follow-up fundraising, for SonKim Land.

This is the second investment led by EXS Capital into SonKim Land through the Lemongrass Master Fund, after a successful initial investment of approximately $37 million in 2013.

For the follow-up investment, SonKim Land and EXS Capital are also partnering with ACA Investments, a leading Japanese fund manager based in Singapore that invests across the Asia Pacific region. This is ACA Investments fifth investment in Vietnam.

With this additional fundraising, SonKim Land aims to continue to develop its pipeline of attractive developments across Vietnam, including luxury residential and commercial developments in Ho Chi Minh City.

Since 2013, SonKim Land has launched several luxury properti