Original disclosure @ ADB website
Updated in EWS Jun 25, 2020
Disclosed by Bank Jul 16, 2018
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According to bank documents, ADB committed an equity investment of up to US$40.0 million in Olympus Capital Asia V, L.P. (_OCA V_ or _the Fund_), a regional fund established to make equity investments in around fifteen portfolio companies in three key industry verticals: (i) agriculture & food services; (ii) financial & business services; and (iii) environmental & clean energy. Olympus Capital Asia V had a final closing on July 2017 with total commitments of US$215 million. ADB's commitment was subsequently capped at US$32.5m to avoid being the single largest shareholder of the fund. The Fund is managed by Olympus Capital, an experienced fund manager with 20 years of private equity investing track record in Asia and managing around US$2.0 billion in equity in over 50 companies in Asia. The team is composed of 50 senior advisors and investment professionals in Asia. The senior management team has worked together for an average of 15 years, and has significant capital invested in Olympus funds.
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Investment Funds & Special Initiatives Div
Responsible ADB Officer Mahmud, Farshed
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main