ADB, Orix, Robeco form $400m Asia climate-change fund

The Hong Kong-based joint venture is called Asia Climate Partners (ACP) and will initially receive capital commitments totaling of $400 million from the founding partners.

According to a release, the fund will be staffed by a team of experience PE professionals and will target transactions structured to generate market-driven, risk-adjusted returns as well as a positive environmental impact.

"ACP will benefit from the combined strengths of Robeco as a global asset manager and ORIX and ADB, which are two of the most active and successful investors in the low-carbon sector in Asia, ‘said Todd Freeland, director general of ADB's private sector operations department.

"The substantial resources that the founding partners are committing to ACP will help position it as the preeminent investor in this asset class in Asia from day one, and represents a clear signal of the depth of our collective belief in the investment strategy and its return potential."

Given the low level of investment currently in renewable energy and resource efficiency in Asia, the sector has the potential to grow at 2-3x economic growth in Asia in the coming decades.

Based in the Philippines and set up in 1966, ADB has invested about $10 billion in climate-related financing between 2011 and 2013. Its total financing volume over this period was in excess of $64 billion, including over $22 billion of co-financing.

 

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• Topics
• Fundraising
• Cleantech
• Greater China
• Southeast Asia
• Cleantech
• Fundraising
• energy
• Asian Development Bank
• ORIX Capital
• Hong Kong (China)
• Southeast Asia