Lotus Impact Fund developed by VinaCapital Group invests in projects that have positive social impacts such as water treatment, employment and education, said Katherine Yip, a founding partner and nonexecutive director of VinaCapital. The vehicle is structured as a for-profit fund with a target internal rate of return of 7%, she added. The fund will be run on a daily basis by the VinaCapital Foundation, a nonprofit organization founded by VinaCapital that will also help generate deal leads. Investment decisions will be made by an investment committee consisting of members from the foundation and VinaCapital .
LBO Wire, Dow Jones & Company, August 2, 2013, “Vietnamese Firm VinaCapital Raising ‘Social Impact’ Fund“