Vietnamese fund manager recruits MD

Vietnam-based fund manager VinaCapital has appointed a new fund portfolio managing director.

Stacy Kincaid will oversee the structuring and capital raising efforts including planned limited partnerships, real estate and infrastructure projects.

Prior to joining VinaCapital, Kincaid worked in the San Francisco office of Probitas Partners, managing the placement of private equity funds for the firm. The move to Vietnam could not have come at a better time; the once war-torn country has managed to ride out the recent economic turmoil to post 6.2% growth in 2008. The growth is to continue unabated in 2009, as economists predict growth of 4-5%.

VinaCapital currently has over US$1.6bn in assets under management in real estate, capital markets, private equity, infrastructure and technology.