PROJECT

Projects

Summary of Investment Information

Project Number

48441

Company Name

AC Ventures V L.P.

Date SPI Disclosed

Jul 13, 2023

Country

Indonesia

Region

East Asia and the Pacific

Projected Board Date

Aug 19, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Feb 4, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Sep 18, 2023
Signed : Oct 31, 2023
Invested : Feb 2, 2024

Sector

Venture Capital Fund

Project Description

The proposed investment is (i) an equity investment up to US$20.35M in ACV Capital V L.P (“ACV Fund V” or “the Fund”) and (ii) a separate co-investment envelope up to US$20M to invest alongside ACV managed funds. ACV Fund V is a US$200M (target) Indonesia focused venture capital (VC) fund. The Fund will be managed by ACV Capital V G.P (“ACV” or “the Manager”). ACV Fund V shall make initial investments in Seed to Series A stage and make follow-on investments through Series B. The Fund will focus on climate tech, fintech, SME tech, eCommerce, edtech, and healthtech sectors.

Associated Advisory Engagement

Not applicable

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation