ADB, Orix, Robeco launch private equity fund for low-carbon deals-Reuters


(Reuters) – The Asian Development Bank (ADB), Orix Corp and Robeco Institutional Asset Management BV said on Monday they have formed Asia Climate Partners (ACP), a joint venture to make private equity investments in low-carbon deals across Asia.

ACP will initially have $400 million in capital from its three founders, the firms said in a statement, without giving further details.

Asia’s economies are among the world’s fastest growing, but the region faces environmental challenges resulting from rapid industrial growth, including poor air and water quality, inadequate and unreliable energy supplies and inefficient use of energy and natural resources.

The investment vehicle will invest 20 percent in funds and 80 percent in direct and co-investments, with a focus on growth and mid-market buyout opportunities, as well as environmental infrastructure development and construction financing.

Manila-based ADB provided almost $9.5 billion in climate-related financing between 2011 and 2013, through loans, grants, guarantees and equity investments.

Fundraising? Then you don’t want to miss EMERGING MANAGER CONNECT in NYC on Jan. 24. This event is packed with 100+ LPs managing more than $45 billion devoted to emerging managers combined. Details are here: http://bit.ly/2ed5fcM

Sign up to our Newsletter

Receive updates from our PE HUB Wire and Top Stories of the Week newsletters:

We will not send you spam, and we don't share your email address with 3rd parties.