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.
|Project Name||REG: ADM MACULUS FUND II L.P.|
|Borrower/Company||ADM MACULUS FUND II, LP
|Type or Modality of Assistance||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change||Private sector development
|Sector / Subsector||
Finance / Finance sector development
|Gender Equity and Mainstreaming|
|Responsible ADB Department||Private Sector Operations Department|
|Responsible ADB Division||Private Sector Investment Funds & Special Initiatives Div|
|Responsible ADB Officer||Brett, S. Jane|
|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.|
|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.|
|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|
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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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
|Title||Document Type||Document Date|
|Regional: Equity Investment ADM Maculus Fund II L.P.||Validations of Project Completion Reports||Sep 2014|
None currently available.
The Access to Information Policy (AIP) 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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