ADB approves nearly $100m in commitments

The Manila-based regional development bank has backed two private equity funds.

Institution: Asian Development Bank
Headquarters: Manila, Philippines
AUM:
$271.74 billion

Asian Development Bank has confirmed $99.5 million in commitments to two private equity vehicles, according to their recent announcements. The commitments comprise of $60 million to Creador V and $39.5 million to Northstar Equity Partners V.

As illustrated below, the $271.74 billion bank’s recent private equity commitments have focused on venture capital/growth equity and buyout/corporate private equity strategies in Asia-Pacific.

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