- ABC Impact closed over $550 million for its second Asia environmental, social, and governance fund.
- Backers include Temasek and an unnamed country amidst rising ethical investment demand regionally.
- The team targets measurable sustainability returns leveraging expertise from its past profitable fund.
Milestone for ABC Impact
Singapore-based private equity firm ABC Impact announced the first close of its second impact investment fund, ABC Impact Fund II, after raising over $550 million in assets under management (AUM).
Launched in August 2022, the fund targets companies driving social and environmental change across Asia.
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Diverse backing
Both new backers and existing investors like Temasek, Mapletree Investments, and an unnamed Southeast Asian sovereign fund have contributed to the fund so far.
ABC Impact Fund II expects a final close later this year to top up the AUM.
The new fund follows the success of ABC Impact’s inaugural $300 million fund established in 2019, which invested in 11 firms specializing in areas like renewable energy, agriculture tech, and financial inclusion in Asia.
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Regional expertise
That first fund saw a profitable exit last year from Singapore Greentech firm Sunseap.
“We are thrilled to see strong support for investing with Impact in Asia,” said ABC Impact co-founder Audrey Selian. “The ABC Impact Fund II will build on the achievements and lessons of our first fund.”
Riding high demand for ESG exposure in Asia, the ABC Impact team leverages deep regional experience to provide commercial returns alongside measurable sustainability gains through its second impact fund.
