Indochina Capital has managed to raise its third real estate fund to invest in Vietnam despite the global credit crunch and a local -residential market slump. Chief executive officer Peter Ryder said the fund closed last month, raising US$200 million, and one or two more closings were expected before the end of the year with an aim to mobilise up to US$500 million. The raising comes at the time when the global market credit crunch and the sub-mortgage crisis in the US are drying up funds for international investment.