Dealflow | January 25, 2024

Temasek’s ABC Impact rakes in $550 million for its second private equity fund

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, January 25 — ABC Impact, the independently managed private equity impact investment firm owned by Temasek was launched in 2019 to take on climate change, resource scarcity and global inequality.

LP commitments to ABC Impact’s second fund include Temasek itself and its impact philanthropic arm Temasek Trust, as well as SeaTown Holdings, MapleTree Investments and an unnamed Southeast Asian sovereign wealth fund.

“With a steadfast commitment to disciplined and evidence-based impact investing, we are particularly encouraged by the enthusiasm of new investors joining our mission,” said David Heng of Singapore-based ABC Impact (formerly ABC World Asia).

Track record

The inaugural ABC Impact Fund raised $300 million and backed 11 companies across the financial and digital inclusion, health and education, climate and water, and sustainable food and agriculture sectors.

In the portfolio: India’s CropIn, which helps farmers analyze crop yields and risks with satellites, sensors and weather data, and UK-based Iceotope Technologies, which uses precision immersion cooling technology to reduce the energy and water needed to keep data centers cool.