Regional: Investment in Northstar Equity Partners V Limited
NEP V seeks to invest a substantial portion of its capital in established and growing Indonesian companies operating primarily in the consumer (including education, health care, and agribusiness), financial services, and digital economy sectors. NEP V may invest in other countries in Southeast Asia, including Philippines, Thailand, and Viet Nam. NEP V may also invest a small portion of its capital commitments in a limited number of early-stage opportunities.
Project Details
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Project Officer
Mahmud, Farshed
Private Sector Operations Department
Request for information -
Country/Economy
Regional -
Sector
- Finance
| Project Name | Investment in Northstar Equity Partners V Limited | |||||
| Project Number | 55214-001 | |||||
| Borrower / Company | Northstar Equity Partners V Limited |
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| Country / Economy | Regional Indonesia Philippines Thailand Viet Nam |
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| Location | Indonesia - Nation-wide; Philippines - Nation-wide; Thailand - Nation-wide; Viet Nam - Nation-wide | |||||
| Type or Modality of Assistance |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Partnerships Private sector development |
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| Sector / Subsector | Finance / Infrastructure finance and investment funds |
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| Gender Equity and Mainstreaming | Effective gender mainstreaming | |||||
| Responsible ADB Department | Private Sector Operations Department | |||||
| Responsible ADB Division | Private Sector Investment Funds & Special Initiatives Div | |||||
| Responsible ADB Officer | Mahmud, Farshed | |||||
| Project Sponsor(s) | ||||||
| Description | NEP V seeks to invest a substantial portion of its capital in established and growing Indonesian companies operating primarily in the consumer (including education, health care, and agribusiness), financial services, and digital economy sectors. NEP V may invest in other countries in Southeast Asia, including Philippines, Thailand, and Viet Nam. NEP V may also invest a small portion of its capital commitments in a limited number of early-stage opportunities. | |||||
| Objectives and Scope | ||||||
| Linkage to Country/Regional Strategy |
| Safeguard Categories | |
|---|---|
| Environment | FI |
| Involuntary Resettlement | FI |
| Indigenous Peoples | FI-C |
| Summary of Environmental and Social Aspects | |
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| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| Timetable for assistance design, processing and implementation | |
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| Concept Clearance | 11 Oct 2021 |
| Credit Committee Meeting | 11 Oct 2021 |
| Approval | 26 Nov 2021 |
| Last PDS Update | 26 Nov 2021 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
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| Title | Document Type | Document Date |
|---|---|---|
| Investment in Northstar Equity Partners V Limited: Gender Action Plan | Gender Action Plans | Nov 2021 |
| Investment in Northstar Equity Partners V Limited: Report and Recommendation of the President | Reports and Recommendations of the President | Nov 2021 |
| Investment in Northstar Equity Partners V Limited: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Oct 2021 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
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ADB Invests in Northstar V to Improve Access to Growth Capital in Indonesia
The Asian Development Bank (ADB) signed a $39.5 million equity investment in Northstar Equity Partners V Limited (NEP V), a private equity fund managed by the Northstar Group. NEP V will provide growth capital. . .