Thursday Nov 28, 2024
Thursday Nov 28, 2024
Friday, 9 August 2024 00:44 - - {{hitsCtrl.values.hits}}
Syndicate Capital, Keptain Group, and ACP Asset Management have finalised and signed the documentation for the Asia Pacific Sustainable Finance Development Fund.
The investment strategy of the fund is to invest in scaling up portfolio companies across sectors such as financial services, technology, manufacturing, and real estate with ESG and SDG initiatives across the Asia Pacific Region. It is expected that $ 30 million of the fund will be invested in Southeast Asia, which will have a focus on the special economic zone of Port City in Colombo, Sri Lanka. The Colombo Port City Economic Commission – Sri Lanka is being developed as a hub for global businesses to have a regional presence and the fund aims to take advantage of this by being a first mover. The fund aims to fill the vacuum of there not being a proper mechanism to create access for medium-sized companies to scale in the Asia Pacific region from the perspective of sustainability.
Syndicate Capital and ACP Asset Management will be the Co-GPs of the fund and Keptain Securities and Asset Management will be appointed as the Investment Manager. ACP Asset Management will be leveraging its network and international presence and will be leading the deal sourcing and the structuring of the impact investments, while Syndicate Capital will utilise its expertise in the Hong Kong market to focus on capital raising and investor relations. Keptain Securities and Asset Management will ensure due diligence and the management of investments.
By leveraging the investment track record and the network of partners of ACP Asset Management in South and Southeast Asia and the fund management expertise and network of investors of Syndicate Capital and Keptain Group, the fund will provide investors with attractive returns over a 3 to 5-year investment horizon.
Syndicate Capital Group Chairman and Keptain Group EVP and Co-Founder Albert Yip said, “We continue to see Asia Pacific as the driving engine for our future business in ESG and fintech investing. Syndicate Capital Group is the Investor Champion and the Corporate Champion of the Hong Kong Government’s Invest HK Global Fast Track program. Both Syndicate Capital Group and Keptain Group are proud to have ACP Asset Management as our Co-GP to incorporate this sustainable fund in Hong Kong to invest across ASEAN and related projects in the region.”
ACP Asset Management Co-Founder and CEO Sharad Sridharan said “We are very excited to work with Syndicate Capital and Keptain Group on this fund. We are very confident in the fund deal pipeline and look forward to building long-term and sustainable investments in collaboration with our partners.”
