Multicountry: Actis Asia Climate Transition Fund

approved

The Project is proposing an equity investment of USD75 million into the Actis Asia Climate Transition Fund (AACT, the Fund) plus a co-investment sleeve up to USD25 million alongside the Fund. The Fund will be managed by Actis GP LLP (Actis). The Fund is characterized by strong strategic alignment with AIIB's Corporate Strategy and Thematic Priorities supported by Actis' solid investment track record in emerging markets. Leveraging Actis' sectoral expertise in energy and sustainable infrastructure, the Fund mainly targets making investments that align with climate transition themes in the following sub-sectors including (i) renewable energy infrastructure, (ii) energy solutions and (iii) sustainable transportation, via controlling or significant minority stakes. The Fund will also include measures to close gender gaps by improving women's access to employment, entrepreneurial opportunities, and leadership positions in portfolio companies and their value chains. Geographically, the Fund's investment strategy mainly targets opportunities that are operating in countries in Asia and the Pacific including India, Indonesia, Malaysia, the People's Republic of China, the Philippines, Thailand, and Viet Nam. The Fund is Sustainable Finance Disclosure Regulation (SFDR) Article 9 classified with objectives of materially reducing greenhouse gas emissions on its investments.