ABC World Asia raises SGD385m

The Singapore-based private equity investment firm closes debut impact fund.

ABC World Asia has closed its ABC World Asia fund at SGD385 million ($283 million; €253.5 million). Capital raised for the fund will be invested in companies that generate social or environmental impact in China, South-East Asia and South Asia. Target sectors will include healthcare, education, financial services, sustainable food and smart cities.

Limited partners include Temasek and Pavilion Capital.