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Fund Management

Saigon Asset Management (SAM)
Factsheets of funds under management

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Vietnam Data Center Fund (VDCF) Factsheet

Fund Name

Vietnam Data Center Fund (VDCF)

Target Size

US$200 million

Fund Structure

GP/LP

General Partners

Saigon Asset Management (SAM)

Fund Domicile

Cayman Islands

Fund Geography

Vietnam

Investment Rationales

  • Data centers serve as essential infrastructure for AI while delivering exceptional investment returns. 

  • Vietnam is a key location for hyperscalers to establish hubs and local zones.

  • Significant barriers to entry include securing land, licenses, power, cooling, carrier neutrality, and capital investment. 

  • SAM is well-positioned to meet all these demands, due to our extensive operational experience and proven track record in Vietnam.

Objective

To invest in data center facilities, operations, and related asset in Vietnam, targeting competitive risk-adjusted financial returns.

Investment

Strategy

  • Establish data center industrial parks, ensuring the readiness of land, licenses, and infrastructure per hyperscalers' specs.

  • Invest in 10% to 20% equity in each hyperscaler data center 

  • Facilitate domestic customer acquisition and form strategic partnerships with leading local telcos

  • Exit within 3 to 5 years, aiming for a premium ROI

Fund

Differentiations

  • The Fund will address the current global demand for rare earth elements, semiconductors, and the funding gap for mid to later-stage private companies

  • Experienced GP with relevant track records

  • Network of domain expert advisors that can assist portfolio companies with deal flow, value creation, and exits​

  • Sustainable/impact transition​

Asset Allocation

  • Invest up to 5 to 10 data centers

  • $20m to $40m in each data center

Investment Horizon

5 years

Realization & Exit

IPO or M&A​​
Listing of project entities​​
Distributable cash

Target IRR

Minimum of 20% per annum in USD (net of all fees and expenses)

Fee Structure​

2% Management Fee 
20% Performance Fee (above the hurdle rate

Hurdle Rate​

8% per annum​

Legal

Reed Smith (US), Baker McKenzie (VN)

Auditor​

KPMG

Custodian & Administrator​

Deutsche Bank

Fund Term​

8 years​

Initial Close Date​

March 31st, 2025​

Final Closing​

Within 6 months of Initial Closing​

Information and Subscription Contact​

ceoadmin@saigonam.com

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