Asian Development Bank Invest $60 million in Southeast Asia private fund

The Philippines will benefit from a $60 million investment by the Asian Development Bank (ADB) in a private fund that is projected to produce new jobs. 

Creador V L.P., a private equity fund managed by investment firm Creadorm, received a $60 million equity investment from the Manila-based multilateral lender for investments in companies in South and Southeast Asia. 

The investment is intended to generate new jobs, raise tax income, and improve health and financial services accessibility. 

Creador V would largely invest in middle-market companies in the business services, consumer goods and services, health care, pharmaceuticals, financial services, and manufacturing industries. 

The Philippines, India, Indonesia, Malaysia, and Vietnam will be covered. Bangladesh, Singapore, Sri Lanka, and Thailand are all on the list. 

Creador V has invested in Mr. DIY Philippines, which was founded in 2018 and is part of Mr. DIY Malaysia’s regional expansion. 

Mr. DIY Philippines sells a wide range of home, hardware, and electrical items. 

Creador has grown into one of Southeast Asia’s top institutional private equity platforms, focusing on markets and industries where ADB is looking to expand its equity portfolio. 

Following infusions in 2016 and 2018, this is ADB’s third investment in a Creador-managed fund. 

Creador will implement gender initiatives as part of the ADB funding to promote greater financial inclusion for women through investments. 

Creador was founded in 2011 and has since launched five private equity funds with a total commitment of $2 billion. It has a total of 50 employees spread across five offices in emerging Asia. 

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