ABC Impact, the Temasek-backed private equity firm, has raised over $600m in its latest funding round to expand its impact investment strategy across Asia.

The oversubscribed round drew commitments from institutional backers including the Asian Development Bank, a Southeast Asian sovereign wealth fund, Mapletree Investments, and SeaTown Holdings, alongside U.S. family offices and ultra-high-net-worth individuals.

Founded in 2019, ABC Impact now manages more than $900m in assets. The firm targets investments that deliver both financial returns and measurable social or environmental impact, with a strong focus on healthcare, microfinance, and climate-focused infrastructure.

“The businesses we invest in are not waiting for external signals—they are actively shaping the future by addressing critical needs in ways that are both impactful and financially sound,” said CEO David Heng.

Recent portfolio additions include Aye Finance, a provider of micro and small business loans in India; Tekoma Energy, a Japanese solar energy company; and DCDC Kidney Care, an Indian dialysis clinic operator.

The firm’s backer, Singapore’s state-owned Temasek Holdings, has long championed sustainable investing. As of March 2024, Temasek’s global portfolio was valued at approximately $288bn and includes holdings in BlackRock, Standard Chartered, and PSA International.

With this latest raise, ABC Impact is poised to deepen its footprint across emerging markets in Asia, signalling growing institutional confidence in impact-led strategies that combine scale, sustainability, and return potential.

Source: MSN