Asian Development Bank ADB Ventures Investment Fund 1

Description What is done in the programme or project and why, what results are pursued, who benefits from the activities and who are involved in the implementation.

ADB Ventures Investment Fund I is a multilateral investment fund with a maximum size of US $ 60 million and a duration of 17 years. ADB Ventures Investment Fund 1 focuses on combating climate change (80% of projects promote climate action) and gender equality (75% of projects have a positive gender impact). Geographically, the fund invests mainly in Southeast Asia (about 50% of projects) and South Asia (about 30% of projects). The fund aims to invest half of its capital in about 15-20 growth companies in the fund's first three years. The other half of the capital and any returns on the fund will be invested in these companies over a 10-year follow-up period, provided the companies are profitable and have strong growth potential. The return on investments can also be distributed to investors during the follow-on period. During the last four years, returns on investment are distributed to investors.