Regional : Investment in OrbiMed Asia Partners V, L.P.
OAP V will target mainly growth equity investments in companies across the healthcare industry focusing on the increasing demand for higher quality, affordable healthcare primarily in the People's Republic of China (PRC) and India.
Project Details
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Project Officer
Teo, Yee Hean
Private Sector Operations Department
Request for information -
Country/Economy
Regional -
Sector
- Finance
| Project Name | Investment in OrbiMed Asia Partners V, L.P. | |||||
| Project Number | 56043-001 | |||||
| Borrower / Company | OrbiMed Asia Partners V L.P. |
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| Country / Economy | Regional India China, People's Republic of |
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| Location | China - Nation-wide; India - 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 |
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| Gender Equity and Mainstreaming | Effective gender mainstreaming | |||||
| 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) | ||||||
| Description | OAP V will target mainly growth equity investments in companies across the healthcare industry focusing on the increasing demand for higher quality, affordable healthcare primarily in the People's Republic of China (PRC) and India. |
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| Objectives and Scope | ||||||
| Linkage to Country/Regional Strategy |
| Safeguard Categories | |
|---|---|
| Environment | FI |
| Involuntary Resettlement | FI-C |
| Indigenous Peoples | FI-C |
| Summary of Environmental and Social Aspects | |
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| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| Timetable for assistance design, processing and implementation | |
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| Concept Clearance | 07 Jun 2022 |
| Credit Committee Meeting | 07 Jun 2022 |
| Approval | - |
| Last PDS Update | 22 Jul 2022 |
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 OrbiMed Asia Partners V, L.P.: Report and Recommendation of the President | Reports and Recommendations of the President | Jun 2022 |
| Investment in OrbiMed Asia Partners V, L.P.: Gender Action Plan | Gender Action Plans | Jun 2022 |
| Investment in OrbiMed Asia Partners V, L.P.: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | May 2022 |
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, Orbimed Sign $60 Million Deal to Support Quality Health Care Providers in India and PRC
ADB signed a $60 million equity investment in OrbiMed, a private equity fund managed by OrbiMed Advisors LLC (OrbiMed), to further enhance health care quality and coverage in India and the PRC.