Launches & Closures

Saigon plans Vietnam special-situation real estate fund

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Saigon Asset Management (SAM) in Vietnam plans to launch in the first quarter of 2012 a special-situation real estate fund, which will target real estate assets that are currently experiencing severe financial distress.

The Vietnam Alternative Holdings fund has a targeted capacity of $100 million and will be managed by Peter Dinning, the newly appointed senior managing director at Vietnam Property Holdings – one of two Frankfurt-listed funds managed by Ho Chi Minh-headquartered SAM.

Dinning, who had previously worked before with SAM’s CEO Louis Nguyen, has over 20 years of experience in the real estate field and has