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).

Mode of Support: 
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
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Sectors & Topics: 
Climate Change / General
Eligible Countries and Geographic Regions: 
East Asia-Pacific
Europe & Central Asia
South Asia
Active in Countries: 
Brunei Darussalam
Cambodia
China
India
Indonesia
Lao People's Democratic Republic (the)
Malaysia
Myanmar
Philippines (the)
Singapore
Thailand
Timor-Leste
Vietnam