ADB invests $60 million in Southeast Asia equity fund

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Philippine Star

Louise Maureen Simeon – The Philippine Star January 14, 2022 | 12:00am MANILA, Philippines — The Philippines will be among the beneficiaries of a $60-million Asian Development Bank (ADB) investment in a private fund that is expected to create additional jobs. The Manila-based multilateral lender signed a $60-million equity investment in Creador V L.P., a private equity fund managed by investment firm Creadorm, for investments in companies in South and Southeast Asia. The investment is expected to create new jobs, increase tax revenues, and improve access to health and financial services. ADB s…

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