52067-001: Creador IV, L.P. | Asian Development Bank

Regional: Creador IV, L.P.

Nonsovereign (Private) Project | 52067-001 Status: Approved

Creador IV is a private equity fund that seeks to invest predominantly growth capital in the form of equity into middle market companies in India, Indonesia, Malaysia, the Philippines, Sri Lanka, and Viet Nam.

Project Details

Project Officer
Mahmud, Farshed Private Sector Operations Department Request for information
Country
  • Regional
Sector
  • Finance
 
Project Name Creador IV, L.P.
Project Number 52067-001
Borrower/Company Creador Management IV Limited
Country Regional
India
Indonesia
Malaysia
Philippines
Sri Lanka
Viet Nam
Location India - Nation-wide; Indonesia - Nation-wide; Malaysia - Nation-wide; Philippines - Nation-wide; Sri Lanka - Nation-wide; Viet Nam - Nation-wide
Type or Modality of Assistance
7570 Equity Ordinary capital resources USD 50.00 million Approved
Strategic Agendas Inclusive economic growth
Drivers of Change Partnerships
Private sector development
Sector / Subsector

Finance / Infrastructure finance and investment funds

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 Mahmud, Farshed
Project Sponsor(s)
Description Creador IV is a private equity fund that seeks to invest predominantly growth capital in the form of equity into middle market companies in India, Indonesia, Malaysia, the Philippines, Sri Lanka, and Viet Nam.
Objectives and Scope Focus sectors include financial services, consumer goods and services (including healthcare), business services and potentially manufacturing. The Asian Development Bank's (ADB) investment will help to further deepen the capital markets in the South Asian and Southeast Asian countries for middle market companies who often struggle to access appropriate growth capital. Moreover, ADB will help the general partner to further enhance its environmental and social management system (ESMS), having initially guided the prior fund Creador III L.P. develop its ESMS when ADB invested in the fund in 2015.
Linkage to Country/Regional Strategy The proposed investment in Creador IV aligns strongly with operational priorities outlined in ADB's Strategy 2030.10 These include (i) addressing poverty and reducing inequalities by generating quality jobs and achieving better health for all, and (ii) fostering regional cooperation by enhancing connectivity and strengthening finance sector cooperation. Strategy 2030 also supports expanding private sector operations, including expanding regional reach through private equity funds, supporting greater financial inclusion, strengthening the finance sector in capital markets, diversifying into other sectors, and widening geographic coverage.
Safeguard Categories
Environment FI
Involuntary Resettlement FI
Indigenous Peoples FI
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement Investees are not expected to have recourse to government expropriation and all transactions in relation to land acquisition are expected to be on a willing buyer-willing seller basis. Investments involving business activities included in the prohibited list and Category A for IR will be excluded from project support using ADB funds.
Indigenous Peoples Business activities of potential fund investees are not expected to adversely or beneficially affect distinct and vulnerable Indigenous Peoples communities. Any investment categorized as A on IP will be excluded from using ADB funds.
Stakeholder Communication, Participation, and Consultation Conduct of stakeholder consultation depends on the potential risk/impact of the proposed investment
Timetable for assistance design, processing and implementation
Concept Clearance 03 Apr 2018
Credit Committee Meeting 22 Aug 2018
Approval 24 Sep 2018
Last PDS Update 26 Sep 2018

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