ABC World Asia closes new US$283 million fund
Fund will invest in companies across Asia that demonstrate commitment to social or environmental impact
ABC World Asia, an Asia-focused private equity fund dedicated to impact investing, has announced the close of its inaugural S$385 million (US$282.54 million) fund. The fund saw participation from investors including Temasek Trust, Temasek, Pavilion Capital, Mapletree Investments, Seatown Holdings and Sembcorp Industries.
ABC World Asia was established in May this year by Temasek Trust, the philanthropic arm of Singapore-headquartered investment company, Temasek. The fund’s investment strategy is aligned with Temasek’s ABC Framework for an Active Economy, a Beautiful Society and a Clean Earth, which builds on the ideals of the 17 UN Sustainable Development Goals.
Geographically, ABC World Asia will explore investments primarily in China, Southeast Asia and South Asia.
The fund will look for companies that demonstrate commitment to generating positive, measurable social or environmental impact, alongside the ability to deliver compelling risk-adjusted returns.
David Heng, CEO, ABC World Asia, says, “While the industry is still at its early stages of development, we already see a range of opportunities to participate in impact investing across Asia. The investors in our fund bring deep and complementary experience spanning various markets and sectors. With their support, we believe we are well-positioned to identify and invest in good companies that seek to deliver positive impact alongside sustainable financial return.”
ABC World Asia will focus on themes including financial and digital inclusion, better health and education, climate and water solutions, sustainable food and agriculture, and smart and liveable cities.
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