Tiếng Việt

Investment team

The PENM investment team brings extensive operational experience and resources to help investee companies develop and capitalize on business opportunities. We have business skills in the following sectors:

  • Consumer products
  • Retail
  • Manufacturing
  • General industry
  • Fashion
  • Financial services/banking

Our business skills are obtained via operational positions in the industry. PENM employs people with strong functional capabilities, who are able to add real value to investee companies.

We have a strong advisor/consultant network in Vietnam and internationally, which enables us in a timely way to apply international best practice when implementing projects at investee companies.

Hans Christian  Jacobsen

Hans Christian Jacobsen, Managing Partner

Hans Christian worked for 15 years with European Bank of Reconstruction and Development (EBRD) based in London where he was Director of Agribusiness.

Hans Christian had direct responsibility for EBRD's investments and lending in agriculture, food, beverage, retail, packaging and related industries with annual investments of USD 550 million allocated to approximately 40 investment projects per year. During his time with EBRD he was responsible for portfolio management of 125 active investment projects and EBRD investments, totaling USD 5.5 billion in more than 280 projects.

Hans Christian built up this highly profitable business at EBRD and managed a team of 30 bankers. Hans Christian has worked in emerging market economies since 1986, holding previous positions at the Industrialization Fund for Developing Countries (IFU) and the Investment Fund for Central and Eastern Europe. He continues today at the board of directors of a number of large companies.

Lars Kjaer

Lars Kjaer,
Deputy Managing Partner
Board Member Masan Group

Lars was previously Managing Director at NOPEF (a developer of Nordic SME companies for establishing in emerging markets with a portfolio of more than 200 companies), Managing Director at InWear & IC Companys (a fully integrated branded consumer goods apparel company with sales of USD 450 million) and Managing Director of Carlsberg Denmark. He has also been a member of the Board of Directors at Coca-Cola Nordic Beverages and Vice President of Corporate Strategy and M&A at Carlsberg Breweries A/S. From holding positions in executive management, Lars has extensive experience in emerging markets, strategy formulation, corporate growth, operations development and restructuring and M&A.

Linda á Dunga Brøndum

Linda á Dunga Brøndum, General Counsel

Linda is a lawyer with a wide experience in private equity transactions, mergers and acquisitions and corporate law. Prior to joining the PENM team, Linda worked six years as a lawyer at Bech-Bruun law firm, Denmark’s largest law firm, within the Merges and Acquisitions department. Linda is admitted to the Danish Bar Association.



Susan Lützner slu@penmpartners.com

Susan Lützner, CFO

Susan is a CFA Charterholder and member of CFA Society Denmark. Susan has worked for more than 14 years within Venture Capital and Private Equity. She has a broad financial experience from 15 Private Equity funds, where she has been involved in the funds' administration, fundraising, controlling, financial management, analysis and forecasts from start up to termination. Previously Susan worked as an auditor at Revisionsfirmaet P. Premer.


Dinh Le Nhat Hang


Dinh Le Nhat Hang, Investment Director

Hang has great working experience and knowledge in accounting, finance, planning, internal control and credit & treasury from more than 3 years with Ernst & Young Vietnam and 7 years with Exxon-Mobil Vietnam at senior positions e.g. She was a head of credit & treasury department of ExxonMobil Vietnam for 3 years.

She also earned a Bachelor degree in business administration and a ward from Ministry of Education for equalization feasibility study and many other professional trainings.

Ha Thi Bich Van


Ha Thi Bich Van, Investment Manager

Van has previously worked for Mekong Capital as a Finance and Accounting Consulting Director. She has a well-rounded experience through the whole cycle of the investment, from appraisal and transaction execution to post-investment restructuring and exit. She has worked with companies in various industries, from manufacturing, service, distribution, education to retail and real estate. Prior to joining Mekong Capital, Van was an auditor at Ernst & Young Vietnam for more than 3 years, where she involved in the audit and due diligence of companies with a wide range of industries, including airline and telecommunication. She became a member of the Association of Chartered Certified Accountants in UK (ACCA) in 2006.

Ngo Kim Oanh


Ngo Kim Oanh, Lawyer

Oanh is a local lawyer with more than nine years of experience in tax and legal practices in PricewaterhouseCoopers Vietnam, Russin & Vecchi, and Gide Loyrette Nouel. She has been involved in various M&A transactions in which has performed due diligence investigations, provided advice, drafted documents, and implemented restructuring plans. Her areas of practice include M&A, commercial, foreign investment, corporate restructuring, taxation, real estate, and securities and capital markets.

She has a master of laws (advanced) from the University of Queensland, Australia, a bachelor of laws from the HCMC University of Law, Vietnam and a bachelor of economics from the HCMC Foreign Trade University, Vietnam.

Vo Thi Ai Tam


Vo Thi Ai Tam, Admin & HR Executive

Tam is responsible for Penm Partners' Rep Office’s general administration in Vietnam e.g. purchasing and liaising with suppliers, petty cash management, settlement of payments, travel arrangements (hotel bookings, flight ticket, visa applications, etc.)... Tam also supports the Investment team with filling of AGM & BOM meeting minutes and scheduling of meetings. Before joining PENM, Tam previously worked for President Place Saigon Ltd., as HR and Admin Executive.

She has a BA degree from the Ho Chi Minh University of Social, Sciences and Humanities.