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 Name||Creador IV, L.P.|
|Borrower/Company||Creador Management IV Limited
|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||
|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|
|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.|
|Summary of Environmental and Social 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||12 Jun 2019|
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|Title||Document Type||Document Date|
|Creador IV, LP: Initial Poverty and Social Analysis||Initial Poverty and Social Analysis||Sep 2018|
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
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ADB Invests $50 Million in Creador IV to Support Businesses in Southeast Asia, India, and Sri LankaADB today signed an agreement to invest $50 million in equity to Creador IV, L.P., a private equity fund to be managed by Creador Management Company. The fund will provide critical growth capital to businesses operating in the...