ADB Ventures seeks to make first close of $100m debt fund this year

Impact investment manager ADB Ventures, the venture capital arm of the Asian Development Bank (ADB), is planning to hold the first close of its $100 million debt fund this year, top executives told DealStreetAsia.

According to Dominic Mellor, an ADB principal investment specialist, the debt fund has garnered interest from commercial entities such as insurance groups, and multinational companies that look to partner with climate technology startups when they expand into the emerging markets of Asia.

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