Regional: REG: AUREOS SOUTH-EAST ASIA FUND

Nonsovereign Project | 38924-014

Summary

REG: AUREOS SOUTH-EAST ASIA FUND

Latest Project Documents

Title Document Date
Aureos South-East Asia Fund Sep 2013

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Project Name REG: AUREOS SOUTH-EAST ASIA FUND
Project Number 38924-014
Borrower/Company AUREOS SOUTH-EAST ASIA FUND, LLC
Country Regional
Location Bangkok, Ho Chi Minh City, Jakarta, Manila
Approval Number 7209
Type or Modality of Assistance
7209 Investment Fund USD 20.00 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 Private Sector Investment Funds & Special Initiatives Div
Responsible ADB Officer Janette A. Hall
Project Sponsor(s) Aureos South-East Asia Managers
Description REG: AUREOS SOUTH-EAST ASIA FUND
Objectives and Scope The Fund aims to implement the lessons learned in SME equity finance operations in developing countries during the last decade, by offering: (i) hands-on management and active provision of advice to entrepreneurs in financial planning, business expansion strategies, human resource development, and corporate governance; (ii) local presence, decentralized decision making, and capacity building of local investment teams; (iii) an investment vehicle for long-term SME finance that diversifies exchange, political, and economic risks through its regional approach; and (iv) inclusion of self-liquidating instruments in investment transactions to mitigate exit risk.
Linkage to Country/Regional Strategy

Aureos South East Asia Fund directly contributes to the implementation of the country strategy and programs of the Fund's target countries by catalyzing private investment in SMEs, diversifying financial channels and improving the governance of SMEs. Specifically:

-- ADB's country strategy and program for Indonesia highlights the role of business investment in accelerating Indonesia's growth path. Providing business support services and financing of SMEs, as well as enhancing the regulatory framework, are priorities for implementing this strategy.

-- Key thrusts of ADB's strategy for the Philippines include catalyzing private investments through direct financing and creating enabling conditions for business. Support for SMEs is a clear priority with respect to implementing the country strategy and program for the Philippines.

-- For Viet Nam, ADB's goal of generating growth and employment through private sector development will be fostered for SME development, diversification of financing channels, agricultural diversification, and improved governance.

Status of Development Objectives The Fund (i) mobilizes long-term capital in the form of private equity from private sources for SMEs in Southeast Asian developing countries to finance expansion and productivity increases; (ii) diversifies sources of finance available for SMEs; (iii) provides management advice to SMEs in financial planning, business expansion strategies, human resource development , and implementation of international standards of corporate governance; (iv) creates sustainable employment in Southeast Asian countries through its investee companies; and (v) stimulates private sector development.
Safeguard Categories
Environment FI
Involuntary Resettlement
Indigenous Peoples
Summary of Environmental and Social Aspects
Environmental Aspects All companies in which the Fund invests complies with national environmental laws, regulations, and ADB's environmental and social safeguard policies; or agree to adopt a program to comply with such standards.
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 13 Aug 2004
Due Diligence 17 Sep 2004
Credit Committee Meeting 20 Dec 2004
Approval 15 Mar 2005
PDS Creation Date 31 Aug 2006
Last PDS Update 30 Sep 2014
Title Document Type Document Date
Aureos South-East Asia Fund Extended Annual Review Reports Sep 2013

Safeguard Documents

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Evaluation Documents

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