ADB Ventures to raise $40m debut impact fund, targets final close by 2020

ADB Ventures to raise $40m debut impact fund, targets final close by 2020

IIX will identify high-impact enterprises with sustainable solutions across developing countries such as Cambodia, Indonesia, Vietnam, the Philippines, Sri Lanka, India, Bangladesh and Nepal. Photo: Pixabay

Multilateral funding agency Asian Development Bank (ADB) is in the process of raising a debut $40 million fund in a bid to step up its focus on venture funding with a special emphasis on impact investments.

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