Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Singapore’s Temasek’s new impact fund targets the global goals in Asia

ImpactAlpha, June 5 – Temasek isn’t new to impact investing; its roster of direct and indirect impact investments includes tech-for-good company Zipline, which just raised $190 million; vegan food companies Impossible Foods and Perfect Day, whose recent funding rounds Temasek led; and TPG Growth’s Rise Fund.

Now Singapore’s $308 billion state-owned investment fund is rolling out its own private equity impact fund to invest in Asia’s social businesses.

The fund, called ABC World Asia, is housed under the firm’s philanthropic arm, Temasek Trust, with backing from Temasek Holdings and Singaporean private equity firm Pavilion Capital. It will invest in companies that support Temasek’s “ABC World” vision: Active Economies built around good jobs and sustainable cities; Beautiful Societies that are just, inclusive and resilient; and a Clean Earth.

The fund is meant to “help bridge the financing gap in support of the United Nations Sustainable Development Goals.” But it also serves as an extension of Temasek’s overall investment thesis and approach.

“We focus on sustainable long term returns, which is not the same as maximizing returns,” Temasek’s chairman Lim Boon Heng wrote. “Core to this philosophy is that, for businesses to thrive, the societies in which they operate must thrive too.”

The size of ABC World Asia was not disclosed.

You might also like...