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

Nonsovereign Project | 38921-014 Status: Active



Latest Project Documents

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Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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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 Equity USD 45.00 million Committed
Strategic Agendas Inclusive economic growth
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 Taneja, Anshukant
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 See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

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

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.

The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

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