Investor Presentaiton
Case Studies - Private Equity
REG: Exacta Asia Investment II, L.P.
REG: Creador IV, L.P.
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Client: Exacta Asia Investment II
ADB Commitment: $25m equity
Key Features:
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A private equity fund with a target capitalization of $250 million. Exacta Il will
invest in domestic consumption-driven business and export-oriented
manufacturing companies in Southeast Asia
Investing in Exacta II would allow ADB to participate in Southeast Asia's
continued economic growth while providing development benefits.
Exacta II will be managed by Exacta Capital Partners, a private equity fund
manager that invests in lower middle-market companies whose growth is
driven by domestic consumption and/or exports, and has built in-depth
knowledge and expertise in industries such as food and beverages,
healthcare, business services, and manufacturing.
ADB's Value Addition:
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Help deepen capital markets in the Southeast Asian countries for lower middle-
market companies who often struggle to find growth capital.
Support the development of the private sector in countries where equity-
related financing is limited.
Raise standards on important governance matters, which are critical for
companies to demonstrate as they seek additional sources of growth capital.
Help mobilize additional financing from third-party sources.
Approval Date: 12 July 2018
Commitment Date: 19 October 2018
Client: Creador IV, L.P.
ADB Assistance: $50m equity
Key Features:
A private equity fund with a target capitalization of $500 million that seeks to
invest growth capital into middle market companies in India, Indonesia,
Malaysia, Philippines, Sri Lanka, and Viet Nam. Focus sectors include financial
services, consumer goods and services (including healthcare), business services
and manufacturing.
Creador IV will be managed by Creador, one of the leading private equity fund
managers in the region, having developed in-depth market knowledge and
domain expertise within its targeted sectors.
ADB is an existing investor in Creador III, L.P. having committed $40.9m to the
$419m fund in 2015. Consistent with Creador III, ADB will have a seat on the
advisory board of Creador IV.
ADB's Value Addition:
Further raise the visibility of the capital needs in Creador's targeted sectors,
and help catalyze institutional and non-institutional participation in other
private equity funds investing in middle-market companies in South and
Southeast Asian markets.
Further enhance Creador IV's environmental and social management system.
Potentially provide debt and equity financing directly to Creador's portfolio
companies to help them grow and to mobilize additional financing from third-
party sources.
Approval Date: 24 September 2018
Commitment Date: 11 December 2018
7 October 2019
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