# PENM Partners

PENM Partners is a Private Equity based in Ho Chi Minh City, Vietnam.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Ho Chi Minh City, Vietnam
- **Region:** Asia
- **Address:** Ho Chi Minh City, Vietnam
- **Founded:** 2006
- **Assets under management:** Undisclosed
- **Website:** www.penmpartners.com
- **LinkedIn:** https://www.linkedin.com/company/penm-partners

## Regulatory record

- **Reports private funds:** No

## About

PENM Partners is an investment firm founded in 2013 in Ho Chi Minh City, Vietnam. The company focuses on biotech therapeutics and biotechnology platforms. PENM Partners has made 51 investments and has 9 portfolio exits.

## Sectors

- Consumer Goods
- Apparel & Textiles
- Financial Services
- Industrial Tech
- AgriTech & FoodTech

## Offices

- Hellerup, Denmark

## People

- Hans Christian Jacobsen — Managing Partner
- Lars Kjaer — Deputy Managing Partner
- Thomas von Wildenradt Gottfredsen — Head of Finance
- Dinh Le Nhat Hang — Investment Director
- David Hexter — Chairman, Supervisory Board
- Peter Damgaard Jensen — Board Member, Supervisory Board
- Tomas Krüger Andersen — Board Member, Supervisory Board

## Questions

### Who runs investment decisions at PENM Partners?

Hans Christian Jacobsen, the Managing Partner, leads the investment team. He draws on a 15-year career at the EBRD, where he directed a $5.5 billion agribusiness and consumer portfolio across emerging markets. Lars Kjaer, Deputy Managing Partner, and Investment Director Dinh Le Nhat Hang execute deals locally.

### How does PENM Partners source proprietary deal flow?

The team has maintained a permanent office in Ho Chi Minh City since 2006, relying on relationships cultivated with family-owned industrial and consumer companies. Hans Christian Jacobsen's network from EBRD agribusiness mandates and the supervisory board’s connections to Danish institutional capital provide additional introductions to Vietnamese conglomerates.

### Which sectors does PENM Partners target?

The firm concentrates on consumer goods, food and beverage, textiles and apparel, and industrial companies. Portfolio companies include Masan Group, Hoa Phat Group, and GTN, reflecting a preference for domestic consumption and manufacturing.

### How is PENM Partners structured versus a typical Vietnamese fund manager?

PENM Partners is a Danish private equity firm that operates a Vietnam-only strategy. Its supervisory board — chaired by former EBRD deputy vice president David Hexter and including former PKA CEO Peter Damgaard Jensen — imposes Nordic institutional governance standards on a locally executed investment program, a structure uncommon among onshore Vietnamese managers.

## Related profiles

- [Penjana Kapital](https://altss.com/profile/penjana-kapital)
- [PENN Capital](https://altss.com/profile/penn-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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