ABC Impact, an Asia-focused impact investment firm, has successfully completed the final closing of its second fund at over $600m, doubling the size of Fund I.
ABC Impact Fund II has drawn support from a range of Limited Partners, including Temasek, Temasek Trust, the Asian Development Bank (ADB), Mapletree Investments, SeaTown Holdings, a Southeast Asia sovereign wealth fund, a US family office and ultra-high-net-worth individuals, according to a statement by the firm.
Benoit Valentin, head, impact investing, Temasek, said: “Our partnership with ABC Impact is a core pillar of Temasek’s impact investing strategy, reflecting our belief that impact investing can scale capital to address the pressing issues we are facing.”
ABC Impact Fund II’s investment strategy centres on four priority sectors: clean energy and climate resilience, inclusive finance and digital access, healthcare and education, and sustainable food systems.
Investments to date include Aye Finance in India, which provides loans to micro and small enterprises; Tekoma Energy in Japan, a renewable energy developer specializing in solar projects; and DCDC Kidney Care, one of India’s largest dialysis networks delivering affordable treatment to underserved patients.
Tow Heng Tan, chairman, ABC Impact, noted: “The successful closing of Fund II underscores the trust that leading institutional investors have placed in ABC Impact’s disciplined investment strategy. By welcoming external capital from the likes of ADB, we are deepening our commitment to shaping a more sustainable and inclusive future in Asia.”
ABC Impact is a Pan-Asia impact investment firm, with over $900m in AUM, dedicated to delivering measurable social and environmental outcomes alongside risk-adjusted financial returns through sustainable growth.
Its portfolio spans climate and water solutions, sustainable food and agriculture, healthcare and education, and financial and digital inclusion. ABC Impact is a member of Temasek Trust Asset Management and is backed by Temasek Trust, Temasek, the ADB, and other leading institutional investors.
“We believe capital, when directed with intent, can help shape pragmatic, market-led responses to the most urgent challenges facing our region,” said David Heng, CEO of ABC Impact. “From climate resilience to inclusive finance and healthcare access, investing in these areas is both a societal imperative and a long-term business opportunity.”
Fund II builds on the momentum of Fund I (2019–2024), enabling ABC Impact to expand its partnerships, extend its reach across high-impact sectors, and back commercially viable solutions with the potential for long-term impact.
