Temasek’s philanthropy arm launches PE fund for impact investing in Asia

A woman passes a logo of state investor Temasek Holdings at their office in Singapore July 8, 2014. REUTERS/Edgar Su

Temasek Trust, the philanthropic arm of Singapore’s Temasek Holdings, on Friday announced the launch of ABC World Asia, an Asia-focused private equity fund dedicated to impact investing.

Headquartered in Singapore, ABC World Asia will invest in companies primarily in South Asia, Southeast Asia and China. The fund manager is backed by Temasek Trust, Temasek and Pavilion Capital.

“There is scope for impact investing to help bridge the financing gap in support of the United Nations Sustainable Development Goals. Temasek Trust seeks to play an active role in impact investments through sustainable philanthropy, beyond our usual approach of grant-making,” said Temasek Trust CEO Cheo Hock Kuan in a statement.

The impact fund will focus on themes including financial and digital inclusion, better health and education, climate and water solutions, sustainable food and agriculture, and smart and liveable cities.

“We see compelling opportunities in impact investing across Asia. The complex social and environmental challenges in our region present the potential for investors to achieve substantial impact,” said ABC World Asia chief executive David Heng.

ABC World Asia Pte. Ltd. is the investment manager of the ABC World Asia fund, which seeks to deliver both compelling risk-adjusted returns and social, environmental impact.

Established in 2007, Temasek Trust is an independent Trustee of philanthropic endowments and gifts. The fund’s investments are guided by Temasek’s vision of an ABC World, comprising an Active Economy, a Beautiful Society and a Clean Earth.