Original disclosure @ ADB website
Updated in EWS Jun 25, 2020
Disclosed by Bank Jul 16, 2018
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According to ADB website, a $45 million equity investment in a targeted US$450 million growth equity fund focused on Southeast Asia (namely, Indonesia, Malaysia, and Philippines), India and Sri Lanka. The fund, Creador III LP, ( Creador or the Fund ), will invest in about 12 middle market companies primarily in three key verticals: (i) financial services (banks, finance companies); (ii) consumer goods and services (healthcare, education); and (iii) business services (B2B services, outsourcing, payment processing, logistics). The Fund will also primarily seek to take minority stakes with significant influence, with an average investment size of $10 to $50 million.
Private Sector Operations Department, ADB
No contact information provided at the time of disclosure.
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