Regional : Investment in PAG Growth II, L.P.
Proposed equity investment of up to $50 million in the targeted $500 million PAGG II fund, which proposes to provide growth capital to 10-15 companies operating primarily in the health care, financial services, education, and IT sectors mainly in the PRC.
Project Details
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Project Officer
Conti, Davide
Private Sector Operations Department
Request for information -
Country/Economy
Regional -
Sector
- Health
| Project Name | Investment in PAG Growth II, L.P. | |||||
| Project Number | 55076-001 | |||||
| Borrower / Company | PAG Growth II L.P. |
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| Country / Economy | Regional China, People's Republic of Singapore |
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| Location | China - Nation-wide; Singapore - Nation-wide | |||||
| Type or Modality of Assistance |
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| Operational Priorities | OP1: Addressing remaining poverty and reducing inequalities OP2: Accelerating progress in gender equality |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Partnerships Private sector development |
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| Sector / Subsector |
Finance / Infrastructure finance and investment funds Health / Health system development |
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| Gender Equity and Mainstreaming | Some gender elements | |||||
| Responsible ADB Department | Private Sector Operations Department | |||||
| Responsible ADB Division | Private Sector Investment Funds and Special Initiatives Division | |||||
| Responsible ADB Officer | Conti, Davide | |||||
| Project Sponsor(s) | ||||||
| Description | Proposed equity investment of up to $50 million in the targeted $500 million PAGG II fund, which proposes to provide growth capital to 10-15 companies operating primarily in the health care, financial services, education, and IT sectors mainly in the PRC. | |||||
| Objectives and Scope | ||||||
| Linkage to Country/Regional Strategy |
| Safeguard Categories | |
|---|---|
| Environment | FI |
| Involuntary Resettlement | FI |
| Indigenous Peoples | FI |
| 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 | 06 Apr 2021 |
| Credit Committee Meeting | 06 Apr 2021 |
| Approval | 28 May 2021 |
| Last PDS Update | 28 May 2021 |
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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| Title | Document Type | Document Date |
|---|---|---|
| Investment in PAG Growth II L.P.: Report and Recommendation of the President | Reports and Recommendations of the President | May 2021 |
| PAG Growth II L.P.: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Mar 2021 |
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 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.
Requests for information may also be directed to the InfoUnit.
ADB Invests $50 Million in PAG Growth II to Support Midsized Companies in Developing Asia
The Asian Development Bank (ADB) signed a $50 million equity investment in PAG Growth II L.P. (PAG Growth II, the fund), a private equity fund managed by investment firm PAG, to promote innovation and. . .