China, People's Republic of: PRC: ACTIS CHINA FUND 2, L.P.

Nonsovereign Project | 38921-014

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Project Name PRC: ACTIS CHINA FUND 2, L.P.
Project Number 38921-014
Borrower/Company ACTIS CHINA FUND 2, LP
Country China, People's Republic of
Location PRC
Approval Number 7204
Type or Modality of Assistance
7204 Investment Fund-Equity Investment-LP USD 45.00 million Committed
Strategic Agendas
Drivers of Change
Sector / Subsector Finance - Infrastructure finance and investment funds
Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Portfolio Management Division, PSOD
Responsible ADB Officer Anshukant Taneja
Project Sponsor(s) Actis China Gp Limited
Description PRC: ACTIS CHINA FUND 2, L.P.
Objectives and Scope ADB's investment in the Fund is expected to help bridge the financing gap in the private equity industry, foster private sector development, and promote balanced and inclusive growth in the PRC.
Linkage to Country/Regional Strategy The Fund is structured to fit into ADB's country strategy of 'making markets work better' for the PRC by (i) promoting good governance, the rule of law, and transparent regulation; (ii) developing an enabling environment for the private sector; (iii) providing infrastructure to improve the business environment; (iv) supporting financial sector reforms; (v) supporting SME development; and (vi) expanding ADB's private sector operations.
Status of Development Objectives The Actis China team has sourced investment opportunities in a diverse array of sectors and looks to add value to its investee companies by improving corporate governance and financial management.
Safeguard Categories
Environment FI
Involuntary Resettlement
Indigenous Peoples
Summary of Environmental and Social Aspects
Environmental Aspects The Fund and the companies it invests in complies with the business principles of Actis - which incorporate ADB's environmental and social safeguard guidelines and policies, and with the PRC's environmental and social safeguard laws, regulations, and standards.
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 21 Jun 2004
Due Diligence 23 Jul 2004
Credit Committee Meeting 24 Sep 2004
Approval 26 Nov 2004
PDS Creation Date 31 Aug 2006
Last PDS Update 30 Sep 2014
Title Document Type Document Date
Actis China Fund 2, L.P. Extended Annual Review Reports Sep 2013

Safeguard Documents

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Title Document Type Document Date
Actis China Fund 2, L.P. Environmental Monitoring Report Environmental Monitoring Reports Mar 2009

Evaluation Documents

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No documents found.


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