Asia Climate Partners (ACP)

Asian Development Bank (ADB)

The proposed investment in Climate Public-Private Partnership Fund (the Fund) involves: (i) equity investment of up to USD1,000,000 in a company to be formed to act as the general partner of the Fund, (ii) a proposed equity investment of up to USD1,000,000 in a company to be formed to act as a special limited partner of the Fund; and (iii) a proposed equity investment as a limited partner in the Fund of up to the balance of USD100,000,000, less the amounts contributed under items (i) and (ii).

Support Type : 
Financial Assistance
Climate Objective : 
Both Mitigation and Adaptation
Administrator Type : 
Intergovernmental Organization
Financial Instruments Offered : 
Concessional Loans, Equity, Grants, Market-rate Loans
Application Time Frame : 

Not applicable

Direct Access : 
Not Specified
Fund Size : 

$ 99.00 million committed

Financing Award : 
Not Specified
Trustee : 
Asian Development Bank (ADB)
Implementing Entity : 

Asian Development Bank (ADB)

Steps to Access & Application Procedure

Not applicable

Organizational and Decision Making Structure

The fund will be managed by its general partner, a limited liability company to be incorporated in a jurisdiction satisfactory to ADB. ADB will hold up to 25% of the equity shares of the general partner. The general partner will delegate responsibility for day-to-day operations and management of the fund to the fund manager, as is customary. The fund manager will enter into a service agreement with ADB, pursuant to which ADB will perform certain services for the fund manager. ADB will share day-to-day fund management work and, in consideration of the services performed for the fund manager, ADB will be paid a service fee.

Monitoring and Reporting Procedures

Not specified

Co-financing Requirements (if applicable)

Not specified

Other Eligibility Criteria Beyond Geography and Income

In the developing member countries (DMCs) of the Asian Development Bank (ADB)

Contact Information

https://www.adb.org/projects/45918-014/main#project-pds

Responsible ADB Officer:Yee Hean Teo

Last Updated : 
17.02.17