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ABC Impact Fund II raises more than $550m at first closing
Fundraising - JANUARY 24, 2024

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ABC Impact Fund II raises more than $550m at first closing

by Kali Persall

ABC Impact, a private equity firm based in Singapore, has completed the first closing of its second impact fund.

ABC Impact Fund II was launched in August 2023 and has attracted a notable roster of investors. Existing partners include Temasek Trust, Temasek, SeaTown Holdings and Mapletree Investments. ABC Impact Fund II has also garnered support from new investors, including a Southeast Asian sovereign wealth fund.

The fund’s assets under management are now at more than $550 million, and the final close is expected to take place this year.

“The robust interest in Fund II is a validation of the strategy embedded in our inaugural fund,” said David Heng, CEO of ABC Impact. “With a steadfast commitment to disciplined and evidence-based impact investing, we are particularly encouraged by the enthusiasm of new investors joining our mission.”

ABC Impact’s core mission is to generate positive and measurable social or environmental outcomes in Asia whi

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