VIF II, BVIM’s second had the first closing on March 31, 2008 at US$42 million.

The Fund aimed at seeking minority investments in (i) securities of unlisted companies, including private sector companies, former SOEs at the time of or after privatization, (ii) listed securities, (iii) to a lesser extent, the Fund intended to engage in other investment opportunities that meet the Fund’s investment criteria, such as infrastructure companies, business cooperation contracts and others.

The global financial and economic crisis of 2008-2009 adversely affected the subsequent closings; thus, we were unable to meet the target size of the fund. The Manager decided to wind up the Fund to return capital.

The Fund was wound up  in November 2012 with capital plus interest to investors.