38924-014: REG: AUREOS SOUTH-EAST ASIA FUND | Asian Development Bank


Nonsovereign (Private) Project | 38924-014 Status: Approved


Project Details

Project Officer
Janette Hall Private Sector Operations Department Request for information
  • Regional
  • Finance
Project Number 38924-014
Location Bangkok, Ho Chi Minh City, Jakarta, Manila
Type or Modality of Assistance
7209 Equity USD 20.00 million Committed
Strategic Agendas Regional integration
Drivers of Change Private sector development
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 Hall
Project Sponsor(s) Aureos South-East Asia Managers
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.
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.
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.

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
Credit Committee Meeting 20 Dec 2004
Approval 15 Mar 2005
PDS Creation Date 31 Aug 2006
Last PDS Update 30 Sep 2014

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.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Title Document Type Document Date
Aureos South-East Asia Fund 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.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

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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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