Project Data Sheet
Project 39918-014
Project Data Sheet
Project 39918-014
| Project Name | REG: ADM MACULUS FUND II L.P. | ||||
| Project Number | 39918-014 | ||||
| Borrower / Company | ADM MACULUS FUND II, LP |
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| Country / Economy | Regional |
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| Location | Regional | ||||
| Type or Modality of Assistance |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Private sector development |
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| Sector / Subsector | Finance / Finance sector development |
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| Gender | |||||
| Responsible ADB Department | Private Sector Operations Department | ||||
| Responsible ADB Division | Private Sector Investment Funds & Special Initiatives Div | ||||
| Responsible ADB Officer | Brett, S. Jane | ||||
| Project Sponsor(s) | |||||
| Description | ADM Maculus Fund II L.P (the Fund) is a successor of ADM Maculus Fund I, following the same investment philosophy and objectives. The establishment of the Fund follows the rapid deployment of capital of ADM Maculus I and its successful performance to date. The Fund will build upon the successes of the first fund and its strategy. The Fund, through its investment in portfolio companies, will assist in restructuring potentially viable companies that are financially distressed because of excessive debt and/or inappropriate capital and financial structure. | ||||
| Objectives and Scope | The key objectives of the Fund are to (i) mobilize foreign capital inflows to financially troubled but potentially viable companies throughout Asia; (ii) catalyze the financial restructuring and rehabilitation of these companies; and (iii) achieve a demonstration effect, as Maculus II's transactions will have a multiplier effect by creating replicable (best practice) restructuring models for Asia's emerging markets. | ||||
| Linkage to Country/Regional Strategy | Investing in the Fund is consistent with ADB's strategy of promoting (i)poverty reduction through job preservation and creation; (ii) private sector development; and (iii) country strategies addressing issues such as introducing best practices in corporate governance, banking reform, NPL resolution, and infrastructure preservation and development. |
| Safeguard Categories | |
|---|---|
| Environment | FI |
| Involuntary Resettlement | C |
| Indigenous Peoples | C |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | The Fund is required to adhere to ADB's applicable environmental protection and social safeguards. An environmental management system adopted for Maculus I will be continued for Maculus II. Environmental due diligence has been shown to be appropriate. |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| Timetable for assistance design, processing and implementation | |
|---|---|
| Concept Clearance | 12 Jul 2005 |
| Credit Committee Meeting | 31 Oct 2005 |
| Approval | 09 Jan 2006 |
| PDS Creation Date | 14 Mar 2006 |
| Last PDS Update | 24 Sep 2014 |