Equity Investment in Creador III LP (ADB-49274-001)

Regions
  • East Asia and Pacific
  • South Asia
Where the impacts of the investment may be experienced.
Countries
  • India
  • Indonesia
  • Malaysia
  • Philippines
  • Sri Lanka
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 6, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Creador Management III Limited
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 45.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 22, 2019

Disclosed by Bank Jul 16, 2018


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Project Description

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.

Investment Description
  • Asian Development Bank (ADB)
Private Actors
  • Creador Management III Limited -- Financial Intermediary
Contact Information

Mahmud, Farshed
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