PROJECT

Projects

Summary of Investment Information

Project Number

45110

Company Name

ASIA IMPACT INVESTMENT FUND II LP

Date SPI Disclosed

Apr 7, 2021

Country

East Asia and Pacific Region

Region

East Asia and the Pacific

Projected Board Date

Jun 7, 2021

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Sep 16, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jun 7, 2021
Signed : Jun 18, 2021
Invested : Jul 16, 2021

Sector

Growth Equity Fund

Project Description

The proposed investment is for up to US$15m (not to exceed 20% of total commitments) in UOB Asia Impact Investment Fund II L.P (“AIIF II”, or “the Fund”), a US$100m (target) private equity fund established by UOB Venture Management Private Limited (“the Manager” or “UOBVM”), a subsidiary of United Overseas Bank Limited (“UOB”). The Fund is established in co-operation with Credit Suisse AG, Singapore branch (“CS”), acting as Impact Advisor. The Fund will invest in companies in China and Southeast Asia (“SE Asia”) which develop or scale commercial solutions to meet the demands of people at the base of the economic pyramid (“BoP”), primarily in the sectors of agriculture, education, healthcare, housing, sanitation, water, transportation, clean energy and financial services. Allocation to China will be capped at 40%.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation