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Gender Lens Investing in Southeast Asia
GENDER LENS INVESTING I N S O U T H E A S T A S I A A Snapshot of Progress in Indonesia, the Philippines & Vietnam March 2021 About Investing in Women Investing in Women (IW), an initiative of the Australian government, catalyses inclusive economic growth through women’s economic empowerment in Southeast Asia. Investing in Women uses innovative approaches to improve women’s economic participation as employees and as entrepreneurs in the Philippines, Indonesia, Vietnam, and Myanmar through: ● Workplace Gender Equality (WGE) – We support business coalitions that work with influential businesses on shifting workplace cultures, practices, and policy barriers to achieve WGE; ● Impact Investment for Women’s SMEs – We partner with impact investors and ecosystem builders to expand market opportunities for women to incentivise and catalyse access to capital for small and medium enterprises (SMEs) to meet women’s needs; ● Influencing Gender Norms – We work with partners to positively shift attitudes and practices to support women in the work world. In collaboration with corporations and business leaders, impact investors, entrepreneurs and advocates, IW works with those who are driving change for women’s economic equality in our region. About Value for Women Value for Women (VfW) is a women-led global social enterprise that works closely with partners to design and implement research, technical assistance programmes, evaluations, tools, and blended capacity-building initiatives in Asia, Africa, and Latin America focused on impact investing and the small and medium enterprise (SME) space. VfW helps organisations to advance gender inclusion. VfW believes that women are key drivers of economic and social growth and that women’s inclusion is essential for better business outcomes. -
Capital Market Study Report, Bangladesh
Developing the Business Case for Investing in Inclusive Business in Indonesia A Market Scoping Study March 2013 The views expressed in this paper are the views of the authors and do not necessarily reflect the views or policies of the Asian Development Bank (ADB), or its Board of Governors, or the governments they represent. ADB does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms. © 2013 Asian Development Bank and SNV Written by Bernardino M. Vega Jr. (team leader), Tiur Rumondang and David Finneran; consultants to ADB and SNV. We thank particularly Robert de Jongh (ADB consultant on Inclusive Business), Phil Harman (SNV), and Armin Bauer (ADB) for their valuable comments and suggestions. The report also includes a brief due diligence on establishing a IB investment fund, done by Noah Beckwith (consultant to ADB). The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB), its Board of Governors, or the governments they represent or of SNV. ADB and SNV do not guarantee the accuracy of the data included in this publication and accept no responsibility for any consequence of their use. By making any designation of our reference to a particular territory or geographic area, or by using the term “country” in this document, ADB and SNV do not intend to make any judgments as to the legal or other status of any territory or area. -
(Financial Only) Date of Deal Notes
Amount US$ Supporting Organisation SPO Cause Beneficiary Region Type of Support Date of Deal Notes (Financial Only) BigBasket is a Bengaluru-based hyperlocal grocery delivery company.The funds will be directed towards bettering their technological, analytical, and infrastructural Abraaj Capital, Sands Capital and IFC. 1 BigBasket Agriculture Other India Financial: Equity 300,000,000 2 Feb 2018 prowess, all of which will enable the company to move up the curve. BigBasket is Alibaba currently partnering with about 1800 farmers throughout the country and aims to become the ‘most preferred partner’ for up to 3000 of them. Ricult lifts smallholder farmers in Thailand out of poverty through a data-driven 2 Asia Social Innovation Awards Ricult Agriculture Other Thailand Financial: Prize Money 9,100 3 Feb 2018 decision support mobile platform that helps the farmers improve farming productivity and reduce farming cost, resulting in higher income. Britain’s Prince Charles has launched a new 10-million-dollar Development Impact Bond (DIB) to help improve education for over 200,000 children in India. The DIB, 3 British Asian Trust Development Impact Bond (DIB) Education Children and Youths India Financial: Debt 10,000,000 8 Feb 2018 the largest bond of its type in South Asia, is the latest fundraising initiative by the British Asian Trust (BAT), set up by the royal 10 years ago to fight poverty in South Asia. Ride Jakarta is a boutique fitness and indoor cycling studio. They will use the East Ventures, Intudo Ventures, PT 4 Ride Jakarta Health Other Indonesia Financial: Equity 500,000 1 Feb 2018 proceeds from the latest financing round to expand its physical fitness studio Prasetia Dwidharma network, develop digital content for offsite users and hire new staff. -
Asia-Pacific Hedge Funds
Content Includes: Preqin Special Report: Asia-Pacific Hedge Funds Overview of Asia-Pacifi c March 2015 Hedge Funds New regions for investment are emerging amid a changing economic and regulatory landscape. Overview of Asia- Pacifi c Hedge Fund Performance Performing better than hedge funds globally following economic growth in region. Institutional Investors in Asia-Pacifi c A look at the region’s diverse range of active investors in hedge funds. Asia-Pacifi c-Based Investors’ Outlook on Hedge Funds What do investors look for in fund managers in 2015? Did hedge funds meet their expectations in 2014? alternative assets. intelligent data. Download the data pack: Preqin Special Report: Asia-Pacific Hedge Funds www.preqin.com/HFAsia15 The Asia-Pacific Opportunity Asia-Pacifi c as a destination for hedge fund management has been expanding rapidly over the past few years; over 2014 alone industry assets in the region grew by almost 30%. Much of this growth has been driven by the growing base of institutional investors in the region, from large sovereign wealth funds through to small local pension schemes, that have increasingly begun to turn to hedge funds to help meet portfolio liabilities and long-term investment objectives. Recent regulatory reforms that have swept across the region have enabled both fund managers and investors alike to ramp up their activity in the hedge fund space, and this rapid growth is expected to continue over the next few years as more regions for hedge fund activity emerge within Asia-Pacifi c. In this report we look at the state of the hedge fund industry in Asia-Pacifi c by examining both local funds and those from beyond its shores investing in the region. -
MAPAN: Driving Impact from Birth Beyond Exit
MAPAN: Driving Impact from Birth Beyond Exit The story of a successful impact VC investment in Southeast Asia Private Equity Class – Section AB Group 7 • Hongmin Choi • Roy Chen • Peter Peng • Ruilong Guo • Vikram Maran • Yu Zhang INSEAD MBA 20D Class – Private Equity Executive Summary This case describes how PT Rekan Usaha Mikro Anda (“PT RUMA,” “RUMA,” or known by its trading name “Mapan”), a social enterprise in Indonesia, leveraged the support from Impact VCs and grew from a small tech start-up to a pan-Indonesia presence that was eventually taken over by Gojek. Apart from making a significant social impact by lifting millions of poor Indonesian families out of poverty, the deal represents one of the earliest successful impact VC investments and one of the largest impact VC deals to date in Southeast Asia. It continues to encourage and attract more impact VC capital to flow into this part of the world. Aldi Haryopratomo, the co-founder and CEO of PT RUMA, embarked on the journey to support the poor by establishing a technologically empowered micro-franchise and micro- finance ecosystem in rural areas of Indonesia. Impact investors such as Patamar Capital and Omidyar Network were instrumental in helping Aldi and his team develop the RUMA (micro- franchising network selling mobile airtime to rural villagers) platform and scale the subsequent Arisan Mapan (microfinancing & online shopping) platform. The case also covers entrepreneur/founder Aldi and key investors’ reflections of the journey as well as the key factors that led to the Company’s success. 1 INSEAD MBA 20D Class – Private Equity Contents Executive Summary ................................................................................................................................ -
Hedge Fund Standards Board
Annual Report 2018 Established in 2008, the Standards Board for Alternative Investments (Standards Board or SBAI), (previously known as the Hedge Fund Standards Board (HFSB)) is a standard-setting body for the alternative investment industry and custodian of the Alternative Investment Standards (the Standards). It provides a powerful mechanism for creating a framework of transparency, integrity and good governance to simplify the investment process for managers and investors. The SBAI’s Standards and Guidance facilitate investor due diligence, provide a benchmark for manager practice and complement public policy. The Standards Board is a platform that brings together managers, investors and their peers to share areas of common concern, develop practical, industry-wide solutions and help to improve continuously how the industry operates. 2 Table of Contents Contents 1. Message from the Chairman ............................................................................................................... 5 2. Trustees and Regional Committees .................................................................................................... 8 Board of Trustees ................................................................................................................................ 8 Committees ......................................................................................................................................... 8 3. Key Highlights ................................................................................................................................... -
FLORIDA STATE BOARD of ADMINISTRATION (Private Equity) ALTERNATIVE ASSET FUNDING STATUS & PERFORMANCE SUMMARY Inception Through December 31, 2015
FLORIDA STATE BOARD OF ADMINISTRATION (Private Equity) ALTERNATIVE ASSET FUNDING STATUS & PERFORMANCE SUMMARY Inception Through December 31, 2015 Reporting Currency: U.S. Dollars ($) Cash Flow & Valuation Multiple IRR Fund Current Total Value / Inception Commit- Paid-In Distributions Net Asset Paid In Fund Alternative Asset Partnerships Date ment Capital at Market Value (NAV) Fund IRR1 3i Europartners Vb, L.P. 06/06 74,177,950 73,485,626 71,358,117 0 0.97 -0.6% 3i Growth Capital Fund, L.P. 03/10 55,308,826 31,535,239 29,292,936 0 0.93 -2.0% ABRY Partners VII, L.P. 04/11 75,000,000 67,320,312 28,260,588 72,293,517 1.49 14.6% ABRY Partners VIII, L.P. 05/14 75,000,000 31,918,558 0 29,968,084 0.94 NM Accel-KKR Structured Capital Partners II, LP 01/14 25,000,000 2,853,069 0 2,131,893 0.75 NM Accel-KKR Capital Partners V 09/15 50,000,000 0 0 0 NA NA Advent International GPE VI-D, L.P. 03/08 58,000,000 55,883,080 54,676,813 58,615,746 2.03 18.7% Advent International GPE VII-D, L.P. 06/12 102,579,338 77,428,060 12,762,271 79,932,176 1.20 10.6% American Industrial Partners Capital Fund VI, L.P. 09/15 50,000,000 0 0 0 NA NA Apax VIII-B, L.P. 11/11 157,584,000 135,307,150 0 158,350,070 1.17 16.4% Apollo Investment Fund IV, L.P. -
The Landscape for Impact Investing in Southeast Asia Acknowledgments
THE LANDSCAPE FOR IMPACT INVESTING IN SOUTHEAST ASIA ACKNOWLEDGMENTS This project was generously supported by Investing in Women, an initiative of the Australian government. This report was made possible through the contributions of many individuals, both within and beyond Southeast Asia. We would especially like to thank all the interviewees that gave their time, expertise, and data during the course of this study. Without their key insights, this report would not have been possible. We would also like to thank Giselle Leung, Anantha Natalegawa, Katrina Ngo, Annie Olszewski, Aliana Pineiro, Kathryn Savasuk, Aditi Sethi, Sapna Shah, and Anil Sinha for review and input. GIIN Advisory Team Abhilash Mudaliar, Research Director Rachel Bass, Research Senior Associate Hannah Dithrich, Research Associate Jennifer Lawrence, Communications Associate Intellecap Advisory Services Mukund Prasad, Associate Partner Stefanie Bauer, Associate Partner Amar Gokhale, Manager Shreejit Borthakur, Senior Associate Harish Reddy, Senior Associate AUGUST 2018 COMMON ACRONYMS ADB Asian Development Bank IT Information Technology ANDE Aspen Network of Development LGBT Lesbian, Gay, Bisexual, and Transgender Entrepreneurs LP Limited Partner ANGIN Angel Investment Network Indonesia MFI Microfinance Institution ASEAN Association of Southeast Asian Nations NGO Non-Governmental Organisation AVPN Asian Venture Philanthropy Network OPIC Overseas Private Investment Corporation BKPM Badan Koordinasi Penanaman Modal PDR People’s Democratic Republic (Government of Indonesia’s -
Ex-Commonwealth PM Set to Launch $500M Macro Fund LAUNCH
The long and the short of it www.hfmweek.com ISSUE 497 3 MAY 2018 INFRAHEDGE CEO BRUCE KEITH DEPARTS AFTER 7 YEARS HFM EUROPEAN 2018 $30bn MAP co-founder to be replaced by Andrew Allright PEOPLE MOVES 03 PERFORMANCE AWARDS DEUTSCHE PUTS PRIME FINANCE BUSINESS UNDER REVIEW HF head Tarun Nagpal to leave bank after 15 years PRIME BROKERAGE 07 EX-GRUSS CAPITAL PROS PREP EVENT-DRIVEN FUND HFMWEEK REVEALS ALL Indar Capital expected to launch later this year LAUNCHES 10 THE WINNERS AWARDS 23 Ex-CommonWealth PM set to launch $500m macro fund Christopher Wheeler readies between 2013 and 2016. London-based CJW Capital CommonWealth closed BY SAM MACDONALD down last year as Fisher depart- ed to join $26bn Soros Fund FORMER CITADEL AND Management. CommonWealth Opportunity From November 2016 until Capital portfolio manager Chris- March this year, Wheeler is topher Wheeler is set to launch a understood to have traded a sub- LAUNCH macro fund with at least $500m stantial macro sleeve for Citadel. initial investment, HFMWeek He previously spent five years has learned. with London-based liquid multi- ANALYSIS Wheeler is starting London- asset business Talisman Global NUMBERS SURGE IN 2017 based CJW Capital Management Asset Management. He earlier with backing from a large asset worked at Morgan Stanley. manager and is looking to begin CJW Capital could become trading this year, HFMWeek one of this year’s largest HFM Global’s annual survey shows understands. European start-ups, amid a num- He registered the firm with ber of prominent macro hedge equity strategies remained most in UK Companies House on 23 fund launches. -
Scaling Impact
Scaling Impact Blueprint for collective action to scale impact investment in and from Australia Written by: Rosemary Addis, Fabienne Michaux, Sally McCutchan with contributions from the Australian Advisory Board on Impact Investing Aspects of this report, including Part II, were informed by the Global Steering Group for Impact Investment Working Group Report: The Impact Principle: Widening Participation and Deepening Practice for Impact Investment at Scale Part II was workshopped with organisations from across the impact investment ecosystem, acknowledged in this report Part III issue brief on place based impact investment was co-created with Carolyn Curtis, Ingrid Burkett and team at The Australian Centre for Social Innovation Project coordination and research from Naomi Wilkie on secondment from the NSW Treasury; research assistance from Poppy Cluett and Ned Efe, Impact Investing Australia © Impact Investing Australia, 2018 ISBN: 978-0-6482749-1-9 BY Creative Commons Attribution 4.0 International Licence Excepting source material and where otherwise noted, all material presented in this document is provided under a Creative Commons Attribution 4.0 International licence. Licence conditions are on the Creative Commons website as is the legal code https://creativecommons.org/licenses/by/4.0/ legalcode. You must give appropriate credit, provide a link to the licence, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you, your organisation or your use. Disclaimer This document has been developed by Impact Investing Australia Ltd with and on behalf of the Australian Advisory Board on Impact Investing. The views expressed represent a consensus view of those involved informed by consultation with practitioners and stakeholders, research relating to the Australian and global context, and international collaboration. -
Sbai Announces New Apac Committee Appointments and Progress Report
SBAI ANNOUNCES NEW APAC COMMITTEE APPOINTMENTS AND PROGRESS REPORT 3 October 2019 The APAC Committee of the Standards Board added two new members to the Committee: William Ma, CIO of Noah Holdings (HK) Limited and Brian Pohli, Executive Director of CQS (HK) Limited. Noah Holdings (HK) Ltd is both a Signatory to the Standards and a member of the SBAI Investor Chapter. CQS is one of the founding members of the SBAI and has been a Signatory to the Standards since 2008. The SBAI is the global standard-setting body for the alternative investment industry, supported by over 200 alternative investment managers and institutional investors who collectively manage $4.5 trillion. Ted Lee, Chairman of the APAC Committee, stated: “We are absolutely delighted to welcome William and Brian to our Committee. The wealth of their experience and knowledge of our exciting industry will benefit the Committee as well as the SBAI’s mission in the APAC region. I would also like to take this opportunity to thank George Long, Founder of LIM Advisors who is stepping down from the Committee after having served on it since 2016. The APAC Committee has made tremendous progress in the region thanks to the contribution made by such capable members like George and we are very grateful to him.” The SBAI’s APAC Committee was established in June 2016 with APAC-based representatives from Albourne, CPPIB, Dymon Asia Capital, Future Fund, GIC, LIM Advisors and PAG. The Committee directs the SBAI’s activities in the Asia-Pacific region, including assisting with the SBAI’s dialogue and relationships with regulators, managers and investors, and ensuring that Asia-Pacific regional and local issues and needs are addressed as the SBAI develops standards and guidance. -
Asia Asset Management Q3 2020
ASIA ASSET MANAGEMENT Q3 2020 A Sheffield Haworth Publication featuring people news, industry updates, market trends and analysis Nick Aylwin-Foster George Windsor Emma Quan ASIA ASSET MANAGEMENT – Q3 2020 CONTENTS MARKET OVERVIEW pg 3 BUSINESS DEVELOPMENT pg 5 LEADERSHIP pg 6 CHINA pg 8 INVESTMENT & PRODUCT pg 10 2 2 ASIA ASSET MANAGEMENT – Q3 2020 MARKET OVERVIEW INTRODUCTION Another testing quarter for the asset management industry. The situation across much of Asia has continued to disrupt normal working patterns with most employees working remotely, amplifying the challenges of running a multi-faceted, international business. Despite these challenges, hiring activity has continued across a variety of functions indicating a willingness amongst managers to push through critical hires. Interestingly, hiring levels were slightly elevated against Q3 2019, although this is likely down to the lack of the summer ‘lull’ when decision makers typically take annual leave. NEWS ▪ UOB Asset Management has partnered with FNZ Group to launch a robo- advisory mobile app for retail investors in Singapore. In similar news, Franklin Templeton in Singapore has partnered with Razer Fintech to roll out a digital wealth management platform to target millennials in Southeast Asia. ◼ Affin Hwang Asset Management has teamed up with Versa Asia Kuala, a Kuala Lumpur-based fintech firm, to launch a digital cash management platform via a mobile app. ▪ AIA Thailand has received licences for private fund management and mutual fund management from Thailand’s regulator for its newly formed investment management subsidiary, AIA Investment Management Thailand. ▪ CCB Principal Asset Management in Hong Kong has been awarded licenses for asset management (Type9) and advising on securities (Type4).