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Temasek-backed ABC aims to raise $600m for second impact fund

Singapore fund seeks investees committed to sustainability, positive social impacts

ABC Impact invests in companies that demonstrate a commitment to sustainable development and the generation of positive social or environmental impacts.

SINGAPORE -- Singapore-based ABC Impact (formerly ABC World Asia) is raising at least $600 million for its second impact fund, according to several sources aware of the matter. This marks a doubling in fund size for the Temasek-backed private equity firm, which last closed its debut fund at $300 million in late 2019.

DealStreetAsia understands that Singapore state investor Temasek Holdings is likely to make a smaller contribution to Fund 2, which will mean that ABC Impact will have to turn to other limited partners for fundraising.

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