ABC Impact Successfully Secures Over USD 600 Million for Fund II
ABC Impact Finalizes Fund II with Significant Capital
ABC Impact, known for its focus on impactful investments across Asia, has achieved a remarkable milestone by closing its second fund with over USD 600 million in commitments. This success reflects the growing demand for market-oriented investments that address pressing social and environmental challenges.'
Support from Notable Institutional Investors
The second fund, ABC Impact Fund II, has garnered support from a wide range of Limited Partners including Temasek, Temasek Trust, and the Asian Development Bank (ADB), among others. This spectrum of backing showcases a collective understanding that effective impact investing is crucial in meeting systemic challenges.
Quotes from Key Leaders
Benoit Valentin, Head of Impact Investing at Temasek, asserted that addressing complex global challenges requires innovative financial strategies. The partnership with ABC Impact exemplifies Temasek's commitment to nurturing impactful investments for a sustainable future.
Jackie Surtani from ADB emphasized the significance of this investment, stating it aims to bridge critical funding gaps in Asia’s impact investment landscape while promoting social and environmental progress.
Contributing Towards a Sustainable Future
Tow Heng Tan, Chairman of ABC Impact, expressed pride in the support from esteemed institutional investors, reinforcing their strategy of disciplined investing. He highlighted that their collaboration is key to fostering a more sustainable, inclusive future in Asia.
Addressing Critical Needs
David Heng, CEO of ABC Impact, further underlined the firm’s dedication to tackling urgent challenges such as climate change, financial inclusivity, and healthcare accessibility—integrating these into their investment ethos while seeking sustainable growth.
Investment Focus Areas of Fund II
Fund II has outlined its investment strategy across four priority sectors: clean energy and climate resilience, inclusive finance, healthcare and education, and sustainable food systems. Each sector presents opportunities for impactful returns that resonate with socio-economic needs.
The fund has already begun investing in promising ventures, including Aye Finance in India, which provides loans to small enterprises, and Tekoma Energy in Japan, focused on renewable solar projects, showcasing a commitment to innovation.
Navigating the Complexity of Asia
As Asia continues to evolve economically and demographically, the need for adaptive investment strategies becomes more apparent. David Heng noted the firm’s proactive positioning in finding effective solutions for local challenges, emphasizing the intertwined nature of market demand and societal benefits.
Strategic Growth and Future Plans
Building on the successes of Fund I, ABC Impact's Fund II is poised to deepen partnerships and broaden outreach efforts across impactful sectors. The firm reinforces its belief that financial success and meaningful societal impact can advance side by side.
A Commitment to Responsible Investment
ABC Impact takes pride in being a signatory to the Principles for Responsible Investment, applying a disciplined, evidence-based approach to measuring and managing its impact. The firm is dedicated to mobilizing private capital to create a sustainable and inclusive Asia.
Frequently Asked Questions
What is ABC Impact's primary objective with Fund II?
ABC Impact aims to address urgent social and environmental challenges through impactful investments, securing significant financial backing for its endeavors.
Who are the notable investors in Fund II?
The fund has received commitments from notable institutions like Temasek, Temasek Trust, and the Asian Development Bank, highlighting its credibility in the market.
What sectors does ABC Impact prioritize for investment?
ABC Impact focuses on clean energy, inclusive finance, healthcare, education, and sustainable food systems as part of its investment strategy.
How does ABC Impact measure its investment effectiveness?
By applying a rigorous, evidence-based framework, ABC Impact ensures that its investments yield measurable social and environmental outcomes alongside financial returns.
What is the long-term vision of ABC Impact?
ABC Impact envisions creating a more sustainable and inclusive future, where financial performance aligns with social responsibility and environmental stewardship.
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