34911-014: LOMBARD THAILAND INTERMEDIATE FUND

Project Data Sheet (PDS): Overview


Description

Lombard Thailand Intermediate Fund, LLC (the Fund) was formed in October 2001 for the purpose of making equity investments in Thailand through participation in the Thailand Equity Fund (TEF). ADB committed up to $25 million to the Fund to assist private Thai companies recovering from the Asian financial crisis of 1997-98. This project has a two-tier structure involving the establishment of an Offshore and Onshore fund. ADB and other international investors will invest in Lombard Thailand Intermediate Fund, the Offshore Fund, who in turn will invest in Thailand Equity Fund, the Onshore Fund. The Onshore Fund will identify and invest in priority sectors particularly those that have strong growth prospects and those that need to be restructured. This investment will enable the assisted companies to expand operations and increase much-needed employment following the Asian crisis. Read More

Country Thailand
Borrower/Equity Investment Name
Project Number 34911-014
Project Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7171
Approval Date 07 Sep 2001
Geographical Location Thailand
Sector / Subsector Classification Finance
/ Investment Funds
Thematic Classification Economic growth
Private sector development
Safeguard Categories Environment:

 

 

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Project Data Sheets (PDS)

Responsible ADB Officer
Duarte Henriques da Silva
Email contact

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Capital Markets and Financial Sectors Division

PDS Creation Date
01 Sep 2006

Last PDS Update
25 Sep 2013

SEARCH/BROWSE PROJECTS