According to the bank document, an equity investment of up to $5 million in Kaizen Private Equity II Private Limited (KPE II, Fund II, the Fund), a targeted $79 million private equity fund managed by Kaizen Capital Management (Kaizen Private Equity, Kaizen) that will invest in small and medium-sized enterprises (SMEs) operating in the education sector in South and Southeast Asia.
KPE-II is a targeted $79 million regional education-sector-focused private equity fund that intends to invest in a portfolio of up to eight mostly profitable education businesses across ADB's developing member countries. Targeted subsectors include K 12 education, test preparation, preschools, online education and vocational training.
*There is no further information being disclosed at this stage of the project*
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