Aureos Southeast Asia Fund II

Date: November 2011
Country:
Subject:
Document Type: Reports and Recommendations of the President
Project Number: 45911-014

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Description

This report and recommendation of the president for a proposed equity investment in Aureos Southeast Asia Fund II describes the terms and conditions for the approval of ADB's Management or Board of Directors.

ASEAF II is the successor fund to (i) ASEAF, an $86 million private equity fund raised in late 2004 to invest in Indonesia, the Philippines, Thailand, and Viet Nam; and (ii) Aureos Malaysia Fund (AMF), a $25 million private equity fund raised in late 2007 to invest in Malaysia. The main objective of ASEAF II is to further develop the investment strategies pursued by ASEAF and the AMF by investing in a balanced and diversified portfolio of small and medium sized enterprises (SMEs) in the five target countries of Indonesia, Malaysia, the Philippines, Thailand, and Viet Nam, with a secondary focus on Cambodia and the Lao People’s Democratic Republic.