The Asian Development Bank (ADB) has signed a $25 million capital investment in Exacta Asia Investment III LPa private equity fund managed by Singapore-based investment firm Exacta.
The fund will provide growth capital to middle-market companies operating in Southeast Asia in the healthcare, financial services, education, manufacturing, business services and consumer sectors.
“The fund will invest in companies that seek to offer quality products and services in the region’s under-penetrated markets, which will help drive business growth,” says Suzanne Gaboury, Director General of Private Sector Operations at ADB.
“ADB investments in the private equity arena not only mobilize private capital, but also contribute to the adoption of best environmental, social and governance practices.”
ADB and Indorama sign a sustainability-linked loan to support the climate resilience of farmers in Uzbekistan
ADB will help Exacta to adopt gender impact tools in its investment processes for all future investee companies, along with other gender and climate friendly measures. This is ADB’s second engagement with Exacta, having previously invested in its Exacta Asia Investment II LP in 2018.
Established in 2012, Exacta leverages its extensive regional network to support the growth of its portfolio companies and has a track record of providing strategic guidance, operational expertise and access to new technologies to its portfolio companies in Southeast Asia.
Exacta has raised approximately $670 million in committed equity capital through three funds dedicated to investing in growth companies in Southeast Asia.
