ABC Impact's Second Fund: A New Dawn for Impact Investing in Asia
April 15, 2025, 10:32 pm
Location: Philippines, Metro Manila, Pasig
Employees: 1001-5000
Founded date: 1966
Total raised: $140M
In the bustling landscape of impact investing, ABC Impact has made waves by closing its second fund at over $600 million. This marks a significant leap from its inaugural fund, which raised nearly $300 million in 2019. The firm, based in Singapore, is on a mission to tackle Asia's pressing social and environmental challenges. With a diverse group of investors backing this initiative, the implications for the region are profound.
ABC Impact is not just another investment firm. It is a beacon of hope in a world grappling with complex issues. The firm is an arm of Temasek Holdings, a global asset management unit, and it focuses on creating measurable social and environmental outcomes alongside financial returns. This dual mission is like walking a tightrope—balancing profit with purpose.
The recent fund closing attracted commitments from notable players. Temasek, the Asian Development Bank (ADB), and various ultra-high-net-worth individuals have all thrown their weight behind ABC Impact. This convergence of capital reflects a growing recognition that market-based approaches can address systemic issues. It’s a sign that the tide is turning in favor of impact investing.
The second fund, launched in August 2023 and officially closed in January 2024, is a testament to the firm’s expanding influence. The funds will target four core sectors: climate and water solutions, financial and digital inclusion, healthcare and education, and sustainable food and agriculture. Each sector is a vital thread in the fabric of a sustainable future.
Investments made through the first fund included a range of innovative companies. From agritech firms to healthcare providers, ABC Impact has shown a knack for identifying high-potential businesses. Notable investments include Aye Finance, which provides loans to micro and small enterprises in India, and DCDC Kidney Care, a major player in affordable dialysis treatment. These companies are not just financial ventures; they are lifelines for communities in need.
The firm’s CEO, David Heng, emphasizes the importance of directing capital with intent. This approach is akin to planting seeds in fertile soil. When nurtured properly, these investments can grow into solutions that address urgent challenges. Climate resilience, inclusive finance, and healthcare access are not just buzzwords; they are essential for a thriving society.
The backing from the ADB is particularly noteworthy. The bank’s Regional Director, Jackie Surtani, highlighted the significant funding gap for growth-stage companies in the region. By investing in ABC Impact, the ADB aims to catalyze impact capital across Asia and the Pacific. This partnership is a powerful reminder that collaboration can amplify impact.
The investment landscape in Asia is evolving. Traditional models often struggle to deliver results, especially in the face of increasing climate shocks and economic uncertainty. ABC Impact’s strategy is grounded in practicality. It seeks to provide market-led responses to the most pressing issues. This is not just about making money; it’s about making a difference.
As the firm looks ahead, it is clear that the path of impact investing is not without challenges. The complexity of Asia’s economic and demographic landscape requires an adaptive approach. Policy can accelerate change, but it is market demand and capital flows that ultimately drive adoption. ABC Impact understands this dynamic and is poised to navigate it effectively.
The success of Fund II underscores the trust that institutional investors have in ABC Impact’s disciplined strategy. This trust is crucial for scaling impact investments. The firm’s commitment to shaping a sustainable and inclusive future is not just aspirational; it is actionable. By welcoming external capital, ABC Impact is reinforcing its mission.
Impact investing is increasingly viewed as a strategic advantage. It is no longer a trade-off between financial returns and social good. Instead, these two goals can coexist and reinforce each other. ABC Impact’s approach embodies this philosophy. The firm is dedicated to mobilizing private capital for a more sustainable Asia.
As the firm expands its partnerships and extends its reach, the potential for long-term impact grows. The investments made today will shape the landscape of tomorrow. With over $900 million in assets under management, ABC Impact is well-positioned to lead the charge in addressing Asia’s most pressing challenges.
In conclusion, ABC Impact’s second fund is more than just a financial milestone. It represents a commitment to a better future. The firm is not merely investing in companies; it is investing in communities, in resilience, and in hope. As the world faces unprecedented challenges, initiatives like ABC Impact’s are crucial. They remind us that with the right intent and collaboration, we can create a more inclusive and sustainable world. The journey is just beginning, and the possibilities are endless.
ABC Impact is not just another investment firm. It is a beacon of hope in a world grappling with complex issues. The firm is an arm of Temasek Holdings, a global asset management unit, and it focuses on creating measurable social and environmental outcomes alongside financial returns. This dual mission is like walking a tightrope—balancing profit with purpose.
The recent fund closing attracted commitments from notable players. Temasek, the Asian Development Bank (ADB), and various ultra-high-net-worth individuals have all thrown their weight behind ABC Impact. This convergence of capital reflects a growing recognition that market-based approaches can address systemic issues. It’s a sign that the tide is turning in favor of impact investing.
The second fund, launched in August 2023 and officially closed in January 2024, is a testament to the firm’s expanding influence. The funds will target four core sectors: climate and water solutions, financial and digital inclusion, healthcare and education, and sustainable food and agriculture. Each sector is a vital thread in the fabric of a sustainable future.
Investments made through the first fund included a range of innovative companies. From agritech firms to healthcare providers, ABC Impact has shown a knack for identifying high-potential businesses. Notable investments include Aye Finance, which provides loans to micro and small enterprises in India, and DCDC Kidney Care, a major player in affordable dialysis treatment. These companies are not just financial ventures; they are lifelines for communities in need.
The firm’s CEO, David Heng, emphasizes the importance of directing capital with intent. This approach is akin to planting seeds in fertile soil. When nurtured properly, these investments can grow into solutions that address urgent challenges. Climate resilience, inclusive finance, and healthcare access are not just buzzwords; they are essential for a thriving society.
The backing from the ADB is particularly noteworthy. The bank’s Regional Director, Jackie Surtani, highlighted the significant funding gap for growth-stage companies in the region. By investing in ABC Impact, the ADB aims to catalyze impact capital across Asia and the Pacific. This partnership is a powerful reminder that collaboration can amplify impact.
The investment landscape in Asia is evolving. Traditional models often struggle to deliver results, especially in the face of increasing climate shocks and economic uncertainty. ABC Impact’s strategy is grounded in practicality. It seeks to provide market-led responses to the most pressing issues. This is not just about making money; it’s about making a difference.
As the firm looks ahead, it is clear that the path of impact investing is not without challenges. The complexity of Asia’s economic and demographic landscape requires an adaptive approach. Policy can accelerate change, but it is market demand and capital flows that ultimately drive adoption. ABC Impact understands this dynamic and is poised to navigate it effectively.
The success of Fund II underscores the trust that institutional investors have in ABC Impact’s disciplined strategy. This trust is crucial for scaling impact investments. The firm’s commitment to shaping a sustainable and inclusive future is not just aspirational; it is actionable. By welcoming external capital, ABC Impact is reinforcing its mission.
Impact investing is increasingly viewed as a strategic advantage. It is no longer a trade-off between financial returns and social good. Instead, these two goals can coexist and reinforce each other. ABC Impact’s approach embodies this philosophy. The firm is dedicated to mobilizing private capital for a more sustainable Asia.
As the firm expands its partnerships and extends its reach, the potential for long-term impact grows. The investments made today will shape the landscape of tomorrow. With over $900 million in assets under management, ABC Impact is well-positioned to lead the charge in addressing Asia’s most pressing challenges.
In conclusion, ABC Impact’s second fund is more than just a financial milestone. It represents a commitment to a better future. The firm is not merely investing in companies; it is investing in communities, in resilience, and in hope. As the world faces unprecedented challenges, initiatives like ABC Impact’s are crucial. They remind us that with the right intent and collaboration, we can create a more inclusive and sustainable world. The journey is just beginning, and the possibilities are endless.