Temasek Trust Asset Management Regional Private Equity Fund ABC Impact Fund II Raised $600 Million from Investors Including Temasek, Temasek Trust, Asian Development Bank (ADB), Mapletree Investments, SeaTown Holdings, 1 United States Family Office & UHNWIs, ABC Impact Fund II Provides Growth Capital for Businesses Driving Sustainable Development in APAC with Focus on China, India, Indonesia, Malaysia, Philippines, Thailand & Vietnam
17th April 2025 | Hong Kong
Temasek Trust Asset Management regional private equity fund ABC Impact Fund II has raised more than $600 million from investors including Temasek, Temasek Trust, Asian Development Bank (ADB), Mapletree Investments, SeaTown Holdings, 1 United States family office & UHNWIs (Ultra high net worth individuals). Earlier in 2025 April, Asian Development Bank (ADB) has announced to invest $20 million in ABC Impact Fund II LP, which provides growth capital for businesses driving sustainable development in APAC with focus on China, India, Indonesia, Malaysia, Philippines, Thailand & Vietnam. The ABC Impact Fund II LP has 4 development goals: 1) Better healthcare & education, 2) Financial & digital inclusion, 3) Sustainable food & agriculture, 4) Climate & water solutions. Announcement (14/4/25): “ABC Impact, the Asia-focused impact investment firm, has successfully completed the final closing of its second fund at over USD 600 million, doubling the size of Fund I. This milestone deepens the firm’s commitment to addressing Asia’s critical social and environmental needs through impact-driven investments. ABC Impact Fund II has drawn support from a diverse group of Limited Partners, including Temasek; Temasek Trust; the Asian Development Bank (ADB); Mapletree Investments; SeaTown Holdings; a Southeast Asia sovereign wealth fund; a U.S. family office; and ultra-high-net-worth individuals. This convergence of development finance and private capital reflects a growing recognition that impact investing can address systemic issues through market-based approaches … … Closing amid increasing climate shocks, inequality, and economic uncertainty, ABC Impact Fund II focuses on practical solutions in areas where traditional models have struggled to deliver results. Its investment strategy centers on four priority sectors: clean energy and climate resilience, inclusive finance and digital access, healthcare and education, and sustainable food systems. Investments to date include Aye Finance in India, which provides loans to micro and small enterprises; Tekoma Energy in Japan, a renewable energy developer specializing in solar projects; and DCDC Kidney Care, one of India’s largest dialysis networks delivering affordable treatment to underserved patients. Asia’s economic and demographic momentum continues to create opportunities for innovation in impact. But the region’s complexity requires an investment approach that is both grounded and adaptive … … Fund II builds on the momentum of Fund I (2019–2024), enabling ABC Impact to expand its partnerships, extend its reach across high-impact sectors, and back commercially viable solutions with the potential for long-term impact. Impact investing is increasingly seen not as a trade-off, but as a strategic advantage. ABC Impact’s approach is rooted in the belief that financial strength and societal benefit can—and should—advance together.”
“ Temasek Trust Asset Management Regional Private Equity Fund ABC Impact Fund II Raised $600 Million from Investors Including Temasek, Temasek Trust, Asian Development Bank (ADB), Mapletree Investments, SeaTown Holdings, 1 United States Family Office & UHNWIs, ABC Impact Fund II Provides Growth Capital for Businesses Driving Sustainable Development in APAC with Focus on China, India, Indonesia, Malaysia, Philippines, Thailand & Vietnam “
Benoit Valentin, Head, Impact Investing, Temasek: “In a rapidly changing world, we are facing increasingly complex and far-reaching social and environmental challenges. Our partnership with ABC Impact is a core pillar of Temasek’s impact investing strategy, reflecting our belief that impact investing can scale capital to address the pressing issues we are facing. By working together, we can create a more inclusive and sustainable world where every generation prospers.”
Jackie Surtani, ADB’s Regional Director and Head of the Singapore Office: “The impact investment landscape in the region remains nascent, with a significant funding gap for growth-stage companies. ADB’s investment in ABC Impact Fund II reflects our commitment to catalysing impact capital across Asia and the Pacific. By supporting innovative businesses that tackle pressing social and environmental challenges, we aim to improve lives and livelihoods throughout the region.”
Tow Heng Tan, Chairman, ABC Impact: “The successful closing of Fund II underscores the trust that leading institutional investors have placed in ABC Impact’s disciplined investment strategy. By welcoming external capital from the likes of Asian Development Bank, we are deepening our commitment to shaping a more sustainable and inclusive future in Asia.”
David Heng, CEO of ABC Impact: ”We believe capital, when directed with intent, can help shape pragmatic, market-led responses to the most urgent challenges facing our region. From climate resilience to inclusive finance and healthcare access, investing in these areas is both a societal imperative and a long-term business opportunity.”
ABC Impact – ABC Impact is a Pan-Asia impact investment firm dedicated to delivering measurable social and environmental outcomes alongside risk-adjusted financial returns through sustainable growth. With over USD 900 million in assets under management, the firm follows a disciplined, thematic strategy to invest in high-potential businesses addressing Asia’s most pressing challenges. Its portfolio spans climate and water solutions, sustainable food and agriculture, healthcare and education, and financial and digital inclusion. ABC Impact is a member of Temasek Trust Asset Management and is backed by Temasek Trust, Temasek, the Asian Development Bank, and other leading institutional investors. As a signatory to the Principles for Responsible Investment and the Operating Principles for Impact Management, ABC Impact applies a rigorous, evidence-based impact measurement and management framework to ensure effectiveness and accountability. It is committed to mobilizing private capital for a more sustainable and inclusive Asia.
Asian Development Bank (ADB) to Invest $20 Million in $600 Million Temasek Trust Asset Management Regional Private Equity Fund ABC Impact Fund II LP Which Provides Growth Capital for Businesses Driving Sustainable Development in APAC with Focus on China, India, Indonesia, Malaysia, Philippines, Thailand & Vietnam, Fund Has 4 Development Goals: 1) Better Healthcare & Education, 2) Financial & Digital Inclusion, 3) Sustainable Food & Agriculture, 4) Climate & Water Solutions
14th April 2025 – Asian Development Bank (ADB) has announced to invest $20 million in Temasek Trust Asset Management ($600 million capitalization) regional private equity fund ABC Impact Fund II LP, which provides growth capital for businesses driving sustainable development in APAC with focus on China, India, Indonesia, Malaysia, Philippines, Thailand & Vietnam. The ABC Impact Fund II LP has 4 development goals: 1) Better healthcare & education, 2) Financial & digital inclusion, 3) Sustainable food & agriculture, 4) Climate & water solutions. Announcement (14/4/25): “The Asian Development Bank (ADB) signed an equity investment of up to $20 million with ABC Impact Fund II LP (ABC Impact II), a regional private equity fund managed by Temasek Trust Asset Management Pte. Ltd. (TTAM). ABC Impact II will focus on four core development goals: better health care and education, financial and digital inclusion, sustainable food and agriculture, and climate and water solutions. The investment will provide growth capital for businesses that drive sustainable development in Asia and the Pacific, with a particular focus on the People’s Republic of China, India, Indonesia, Malaysia, the Philippines, Thailand, and Viet Nam. ABC Impact is signatory to the Operating Principles for Impact Management, a global standard for managing impact investments that has been endorsed by nearly 200 organizations in 40 countries. The fund targets mid-market companies with the potential for significant social and environmental impact. By providing long-term equity financing and capacity building support, ABC Impact II will help these companies scale and attract additional investment. The adherence to ABC’s impact investment principles is independently verified by Bluemark, a global leader in impact verification services. Established in Singapore, ABC Impact is a private equity impact fund managed by TTAM. The fund aims to provide growth capital to innovative business models that advance sustainable development efforts in Asia and the Pacific. With a capitalization of over $600 million, ABC Impact seeks to drive positive social and environmental change while delivering solid financial returns. ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—49 from the region.”
Regional Director & Head of ADB’s Singapore Office Jackie Surtani: “The impact investment landscape in the region remains nascent, with a significant funding gap for growth-stage companies. ADB’s investment in ABC Impact Fund II reflects our commitment to catalyzing impact capital across Asia and the Pacific. By supporting innovative businesses that tackle pressing social and environmental challenges, we aim to improve lives and livelihoods throughout the region.”
Asian Development Bank (ADB) to Invest $20 Million in $600 Million Temasek Trust Asset Management Regional Private Equity Fund ABC Impact Fund II LP Which Provides Growth Capital for Businesses Driving Sustainable Development in APAC with Focus on China, India, Indonesia, Malaysia, Philippines, Thailand & Vietnam, Fund Has 4 Development Goals: 1) Better Healthcare & Education, 2) Financial & Digital Inclusion, 3) Sustainable Food & Agriculture, 4) Climate & Water Solutions
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