ADB invests $50 m in private equity fund to support biz in SL, other Southeast Asia countries

Tuesday, 18 December 2018 01:25 - - {{hitsCtrl.values.hits}}

The Asian Development Bank (ADB) has signed an agreement to invest $50 million in equity to Creador IV L.P. (Creador IV), a private equity fund to be managed by Creador Management IV Ltd. (Creador).

The fund will provide critical growth capital to businesses operating in the financial services, health care, consumer, business services, and manufacturing sectors in India, Indonesia, Malaysia, Philippines, Sri Lanka, and Viet Nam.

“ADB’s investment will help further deepen capital markets and provide liquidity to small and medium-sized enterprises (SMEs) to realise their growth plans and achieve market-leading positions in their respective sectors,” said ADB’s Private Sector Operations Department Investment Funds and Special Initiatives Division Director Janette Hall. “Providing SMEs with capital and operational expertise to help expand their businesses will contribute to job growth, increased regional trade, further investments in the focus sectors, and ultimately economic growth across the target countries.

Headquartered in Kuala Lumpur, Malaysia, Creador was established in 2011 by its Chief Executive Officer Brahmal Vasudevan, a seasoned private equity investment professional. Since inception, Creador has successfully launched four private equity funds with a combined corpus of approximately $1.4 billion. ADB previously invested approximately $40.9 million in Creador III L.P., which launched in 2015.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 67 members—48 from the region. In 2017, ADB operations totalled $32.2 billion, including $11.9 billion in cofinancing.