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).

Open to Applications : 
No
Application Time Frame : 

Not applicable

Climate Objective : 
Both Mitigation and Adaptation
Administrator Type : 
Intergovernmental Organization
Financial Instruments Offered : 
Concessional Loans, Equity, Grants, Market-rate Loans
Direct Access : 
Not Specified
Fund Size : 

$440 million of investment capital (to 2017)
$440 million of investment capital (to 2016)
$392 million (28 November 2014)

Financing Award : 
Greater than 10 million USD
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). Within renewable energy sector, the fund invests between USD $100 million and USD $125 million. It seeks to invests in businesses with enterprise value between USD $50 and USD $500 million and ticket sizes between USD $20 million to USD $75 million. The fund is flexible to take either control or minority position. It prefers to exit the firm within two to seven years.

Contact Information

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

Responsible ADB Officer:Yee Hean Teo

Last Updated : 
31.05.17