Regional : REG: ADM MACULUS FUND II L.P.

Nonsovereign Project | 39918-014

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 Details

  • Project Officer
    Brett, S. Jane
    Private Sector Operations Department
    Request for information
  • Country/Economy
    Regional
  • Modality
  • Sector
    • Finance
Project Name REG: ADM MACULUS FUND II L.P.
Project Number 39918-014
Borrower / Company ADM MACULUS FUND II, LP
Country / Economy Regional
Location Regional
Type or Modality of Assistance
7226 Other USD 25.20 million Approved
Strategic Agendas Inclusive economic growth
Drivers of Change Private sector development
Sector / Subsector

Finance / Finance sector development
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

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 Access to Information Policy (AIP) 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
Equity Investment in the ADM Maculus Fund II L.P. Reports and Recommendations of the President Dec 2005

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

Related Publications

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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