Abacus Capital Fund Management Co., Ltd. officially launched its operations on 20 February at Crowne Plaza Vientiane, marking its entry into Laos’ fund management sector.
The ceremony brought together representatives from the public and private sectors, investors, and financial stakeholders. Soulisak Thamnouvong, Deputy Governor of the Bank of the Lao PDR, and Phengsy Phengmeuang, Head of the Lao Securities Commission Office (LSCO), attended the event.
Thanom Mitpasong, Chief Executive Officer of Abacus Capital, outlined the company’s vision to support the development of Laos’ capital market and expand financing options for small and medium-sized enterprises through private equity funds focused on non-listed companies.
He said the company will prioritize transparent governance, accountability, and long-term returns for investors and the broader business community. He also thanked regulators and partners for their support.
Sokxay Somchaynuek, Chairman of Abacus Capital, described the launch as a milestone for Laos’ fund management industry.
“This launch marks an important milestone for the fund management market in the Lao PDR, creating new opportunities for growth and strengthening investor confidence. To demonstrate our commitment, Sokxay Group will co-invest in every fund established and managed by Abacus Capital.”
Phengsy Phengmeuang said fund management represents a new and promising financial instrument for Laos.
“Fund management is a promising new financial product and an important mechanism for enhancing the capital market structure and financial ecosystem of the Lao PDR. The establishment of Abacus Capital Fund Management Co., Ltd. not only provides new investment options but also helps expand the investment base and strengthen the capital market in the long term.
The LSCO remains committed to fulfilling its role both as regulator and supporter to ensure a strong, transparent, and sustainable capital market.”
During the event, Piya Vongphit presented a case study on Norway’s Government Pension Fund Global, which saves and invests oil and gas revenues for long-term stability. Valued at approximately USD 1.6–1.8 trillion, the fund is among the world’s largest sovereign wealth funds and limits annual withdrawals to 3 percent to maintain sustainability.
Organizers said the launch signals growing momentum in Laos’ financial sector as the country works to diversify investment channels and strengthen capital market infrastructure.
