47927-014: OrbiMed Asia Partners II, L.P. Fund | Asian Development Bank

Regional: OrbiMed Asia Partners II, L.P. Fund

Nonsovereign (Private) Project | 47927-014 Status: Active

OrbiMed Asia Partners II, L.P. Fund

Project Details

Project Officer
Teo, Yee Hean Private Sector Operations Department Request for information
  • Regional
  • Health
Project Name OrbiMed Asia Partners II, L.P. Fund
Project Number 47927-014
Approval Number 7394
Type of ADB Assistance / Amount
7394 Equity USD 60.00 million Committed
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Health - Health care finance

Gender Equity and Mainstreaming No gender elements
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Investment Funds & Special Initiatives Div
Responsible ADB Officer Teo, Yee Hean
Project Sponsor(s) ORBIMED ASIA GP II, L.P
Description OrbiMed Asia Partners II, L.P. Fund
Objectives and Scope
Linkage to Country/Regional Strategy The fund will support Strategy 2020 in two areas: financial sector development and the health sector. ADB s assistance is an equity commitment into one of the largest pan-Asia, non-captive private equity funds focused on health care products and services. It is aligned with Strategy 2020 s efforts to develop financial infrastructure and products. The assistance addresses a sector that ADB recognizes as vital to development, productivity, social inclusion, and gender equity.
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance -
Due Diligence 14 Aug 2013
Credit Committee Meeting -
Approval 12 Nov 2013
PDS Creation Date 22 Nov 2013
Last PDS Update 04 Feb 2014

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Title Document Type Document Date
OrbiMed Asia Partners II, L.P. Fund Initial Poverty and Social Analysis Feb 2014
OrbiMed Asia Partners II, LP Fund Reports and Recommendations of the President Oct 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

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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