Regional: ASEAN CHINA INVESTMENT FUND II L.P.

Nonsovereign Project | 43938-014

Summary

ASEAN CHINA INVESTMENT FUND II L.P.

Latest Project Documents

Title Document Date
ASEAN China Investment Fund II Mar 2010

Consulting Notices

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Project Name ASEAN CHINA INVESTMENT FUND II L.P.
Project Number 43938-014
Borrower/Company ASEAN CHINA INVESTMENT FUND II
Country Regional
Location ASEAN countries and PRC
Approval Number 7312
Type or Modality of Assistance
7312 Investment Fund USD 25.00 million Committed
Strategic Agendas
Drivers of Change
Sector / Subsector Finance - Small and medium enterprise finance and leasing
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)
Description ASEAN CHINA INVESTMENT FUND II L.P.
Objectives and Scope The Fund's objective is to provide appreciation of capital through private equity investments in growth oriented SMEs in ASEAN countries and PRC, particularly companies that can benefit from the region's expanding trade and economic integration.
Linkage to Country/Regional Strategy The investment in the Fund is aligned with ADB's Strategy 2020 which identifies private sector development as a key driver of change, and finance sector development as one of five core specialization that support ADB's agenda. In addition, Strategy 2020 emphasizes private sector development as a means to achieve sustainable and inclusive growth.
Status of Development Objectives The Fund's investments promote development in a number of ways, including (i) promoting closer economic and trade links between ASEAN and the PRC; (ii) developing SMEs, which will benefit from such links; (iii) deepening regional capital markets; (iv) helping to promote balanced development and reduce the risks associated with overdependence on a limited number of traditional export markets; (v) transforming investee companies by helping them to adopt financially prudent and sustainable business practices and internationally accepted standards; and (vi) catalyzing the mobilization of long-term capital from institutional investors from both within and outside the region.
Safeguard Categories
Environment FI
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects The Fund has established an appropriate Environmental and Social Management System (ESMS) that investees meet national laws and comply with ADB requirements.
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 23 Nov 2009
Due Diligence 20 Jan 2010
Credit Committee Meeting 15 Mar 2010
Approval 21 Apr 2010
PDS Creation Date 11 Nov 2010
Last PDS Update 30 Sep 2014
Title Document Type Document Date
ASEAN China Investment Fund II Reports and Recommendations of the President Mar 2010

Safeguard Documents

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Evaluation Documents

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