Temasek-Backed ABC World Asia Reaches USD282.5 Million Final Close for Inaugural Fund
Posted On: 29 Oct 2019 | Source(s): ABC World Asia
Asia-focused impact investor ABC World Asia, an affiliate of Singaporean sovereign wealth fund Temasek Holdings, has reached a final close for its inaugural fund with SGD385 million (approximately USD283 million) in commitments. Investors in the fund include Temasek Holdings; Temasek subsidiaries Temasek Trust, Pavilion Capital, and Seatown Holdings; real estate development and investment firm Mapletree Investments; and energy, marine, and urban development group Sembcorp Industries. The fund will target opportunities to promote digital inclusion, better health and education, climate and water solutions, sustainable food and agriculture, and smart and livable cities in China, Southeast Asia, and South Asia.