US$550 million First Close achieved for Impact fund
ABC Impact has announced the successful first closing of its second impact fund, ABC Impact Fund II.
ABC Impact Fund II is a Southeast Asian sovereign wealth fund. Launched in August 2023, the fund focuses on advancing sustainable solutions and driving positive transformations in Asia. The fund is poised to further expand its impact-driven initiatives across the region.
The Fund has received support from new investors, and significant backing from existing partners, including Temasek Trust, Temasek, SeaTown Holdings, and Mapletree Investments. Fund II Assets Under Management (AUM) now exceeds US$550 million, with the final close expected in 2024.
ABC Impact's core mission is to generate positive and measurable social or environmental outcomes in Asia while delivering compelling risk-adjusted returns for investors. The ABC Impact Fund I launched in 2019 and has invested in 11 portfolio companies to build a robust track record with measurable and evidence-based outcomes.
Country updates
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September 08, 2023
Grok Ventures takes full stake in Suncable Power link project
Grok Ventures has completed the acquisition of SunCable. The plan involves the export of clean energy from Australia to Singapore using a 4,200-km undersea cable. In the initial phase, a vast solar f...
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July 31, 2023
Virya Energy buys majority stake in Constant Energy
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July 21, 2023
Keppel Corporation, partners start construction of 600 MW cogeneration project on Jurong Island
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February 06, 2023
285 MWh Energy Storage System commissioned in Singapore
Sembcorp Industries and the Energy Market Authority (EMA) have inaugurated the Sembcorp Energy Storage System (ESS), the largest ESS in Southeast Asia, which spans two ha of land on Jurong Island, Sin...
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February 06, 2023
Sembcorp commissions 285 MWh energy storage project on Jurong Island
Sembcorp Industries and the Energy Market Authority (EMA) have inaugurated the Sembcorp Energy Storage System (ESS), the largest ESS in Southeast Asia, which spans two ha of land on Jurong Island, Sin...
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