ADB invests $50 million in private equity fund focused on services

MANILA, Philippines — The Asian Development Bank (ADB) is investing $50 million in a private equity fund focused on service-oriented companies in several Asian countries including the Philippines.

The multilateral bank approved the investment in Creador Management IV Ltd., a private equity fund investing in India, Indonesia, Malaysia, Philippines, Sri Lanka and Vietnam.

The fund’s investments are focused on sectors such as financial services, consumer goods and services (including healthcare), business services and manufacturing.

“The Asian Development Bank’s investment will help to further deepen the capital markets in the South Asian and Southeast Asian countries for middle market companies who often struggle to access appropriate growth capital,” the bank said.

ADB said the investment in Creador Management aligns strongly with operational priorities in its long-term Strategy 2030.

These include addressing poverty and reducing inequalities by generating quality jobs and achieving better health for all; fostering regional cooperation by enhancing connectivity and strengthening finance sector cooperation.

Strategy 2030 also supports the expansion of ADB’s private sector operations.

This can be done by expanding regional reach through private equity funds, supporting greater financial inclusion, strengthening the finance sector in capital markets, diversifying into other sectors and widening geographic coverage.