Asian Development Bank (ADB) to Invest $20 Million in $600 Million Temasek Trust Asset Management Regional Private Equity Fund ABC Impact Fund II LP Which Provides Growth Capital for Businesses Driving Sustainable Development in APAC with Focus on China, India, Indonesia, Malaysia, Philippines, Thailand & Vietnam, Fund Has 4 Development Goals: 1) Better Healthcare & Education, 2) Financial & Digital Inclusion, 3) Sustainable Food & Agriculture, 4) Climate & Water Solutions
14th April 2025 | Hong Kong
Asian Development Bank (ADB) has announced to invest $20 million in Temasek Trust Asset Management ($600 million capitalization) regional private equity fund ABC Impact Fund II LP, which provides growth capital for businesses driving sustainable development in APAC with focus on China, India, Indonesia, Malaysia, Philippines, Thailand & Vietnam. The ABC Impact Fund II LP has 4 development goals: 1) Better healthcare & education, 2) Financial & digital inclusion, 3) Sustainable food & agriculture, 4) Climate & water solutions. Announcement (14/4/25): “The Asian Development Bank (ADB) signed an equity investment of up to $20 million with ABC Impact Fund II LP (ABC Impact II), a regional private equity fund managed by Temasek Trust Asset Management Pte. Ltd. (TTAM). ABC Impact II will focus on four core development goals: better health care and education, financial and digital inclusion, sustainable food and agriculture, and climate and water solutions. The investment will provide growth capital for businesses that drive sustainable development in Asia and the Pacific, with a particular focus on the People’s Republic of China, India, Indonesia, Malaysia, the Philippines, Thailand, and Viet Nam. ABC Impact is signatory to the Operating Principles for Impact Management, a global standard for managing impact investments that has been endorsed by nearly 200 organizations in 40 countries. The fund targets mid-market companies with the potential for significant social and environmental impact. By providing long-term equity financing and capacity building support, ABC Impact II will help these companies scale and attract additional investment. The adherence to ABC’s impact investment principles is independently verified by Bluemark, a global leader in impact verification services. Established in Singapore, ABC Impact is a private equity impact fund managed by TTAM. The fund aims to provide growth capital to innovative business models that advance sustainable development efforts in Asia and the Pacific. With a capitalization of over $600 million, ABC Impact seeks to drive positive social and environmental change while delivering solid financial returns. ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—49 from the region.”
“ Asian Development Bank (ADB) to Invest $20 Million in $600 Million Temasek Trust Asset Management Regional Private Equity Fund ABC Impact Fund II LP Which Provides Growth Capital for Businesses Driving Sustainable Development in APAC with Focus on China, India, Indonesia, Malaysia, Philippines, Thailand & Vietnam, Fund Has 4 Development Goals: 1) Better Healthcare & Education, 2) Financial & Digital Inclusion, 3) Sustainable Food & Agriculture, 4) Climate & Water Solutions “
Regional Director & Head of ADB’s Singapore Office Jackie Surtani: “The impact investment landscape in the region remains nascent, with a significant funding gap for growth-stage companies. ADB’s investment in ABC Impact Fund II reflects our commitment to catalyzing impact capital across Asia and the Pacific. By supporting innovative businesses that tackle pressing social and environmental challenges, we aim to improve lives and livelihoods throughout the region.”
Asian Development Bank (ADB) to Invest $20 Million in $600 Million Temasek Trust Asset Management Regional Private Equity Fund ABC Impact Fund II LP Which Provides Growth Capital for Businesses Driving Sustainable Development in APAC with Focus on China, India, Indonesia, Malaysia, Philippines, Thailand & Vietnam, Fund Has 4 Development Goals: 1) Better Healthcare & Education, 2) Financial & Digital Inclusion, 3) Sustainable Food & Agriculture, 4) Climate & Water Solutions
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