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4th Quarter 2019

ABC World Asia Closes New $385 Million Fund

ABC World Asia Closes New $385 Million Fund

ABC World Asia announced the close of its inaugural $385 million fund on 29 October 2019, which saw participation from investors including Temasek Trust, Temasek, Pavilion Capital, Mapletree Investments, Seatown Holdings and Sembcorp Industries.

An Asia-focused private equity fund dedicated to impact investing, ABC World Asia will invest in companies demonstrating commitment to sustainable development and the generation of positive social or environmental impact, alongside the ability to deliver compelling risk-adjusted returns. Geographically, investments in China, Southeast Asia and South Asia will be explored.

The fund was established in May 2019 by Temasek Trust, the philanthropic arm of Singapore-headquartered investment company Temasek. The investment strategy of ABC World Asia 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.

Mr David Heng, founder and CEO of ABC World Asia, said, “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 five investment themes, namely 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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About ABC World Asia

Headquartered in Singapore, ABC World Asia is a private equity fund dedicated to impact investing. Impact investing encompasses the intention to generate positive, measurable social or environmental impact, alongside a compelling risk-adjusted return. The fund’s investment strategy aligns with Temasek’s ABC Framework for an Active Economy, a Beautiful Society and a Clean Earth, building on the ideals of the 17 UN Sustainable Development Goals.

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