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WORLD

ADB to invest US$60 mln in Creador fund to support regional private sector growth

13/01/2022 09:37 PM

JAKARTA, Jan 13 --  The Asian Development Bank has signed a US$60 million (US$1= RM4.17) equity investment in Creador V LP (Creador V) for investments in companies in India, Indonesia, Malaysia, Philippines, and Vietnam.

Creador V is the private equity fund managed by Malaysia-based investment firm Creador.

In a statement, the bank said Creador V will invest in middle-market companies operating in business services, consumer goods and services, healthcare, pharmaceuticals, financial services, and manufacturing.

It may also selectively consider investments to support businesses in Bangladesh, Singapore, Sri Lanka, and Thailand.

The initiative is aimed at creating new jobs, increasing tax revenues, and improving access to health and financial services.

As part of the bank’s investment, Creador will adopt gender initiatives to promote greater financial inclusion of women through investments.

Established in 2011, Creador has since launched five private equity funds, totaling US$2 billion in committed capital as of December 2021.

-- BERNAMA


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