The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

ABC Impact
ABC Impact, an Asia-focused impact investment firm, has completed the final closing of its second fund ABC Impact Fund II, at more than $600 million, doubling the size of Fund I.

Investors in the fund included a US family office, ultra-high net worth individuals, as well as Temasek, the Singapore-based sovereign wealth fund; Temasek Trust; the Asian Development Bank; Mapletree Investments; SeaTown Holding; and a Southeast Asian sovereign wealth fund, the firm said in a statement this week. 

ABC Impact has more than $900 million in assets under management.

"The impact investment landscape in the region remains nascent, with a significant funding gap for growth-stage companies," Jackie Surtani, ADB's regional director and head of the Singapore office, said.

ABC Impact Fund II’s investment strategy centres on four priority sectors: clean energy and climate resilience, inclusive finance and digital access, healthcare and education, and sustainable food systems.

Investments to date include Aye Finance in India, which provides loans to micro and small enterprises; Tekoma Energy in Japan, a renewable energy developer specialising in solar projects; and DCDC Kidney Care, one of India's largest dialysis networks delivering affordable treatment to underserved patients.

Fund II builds on the momentum of Fund I (2019 to 2024), enabling ABC Impact to expand its partnerships, extend its reach across high-impact sectors, and back commercially-viable solutions with the potential for long-term impact, ABC Impact said.

Pantheon
Pantheon, a global private markets investor, has just expanded its international private wealth offerings with an evergreen private credit secondary fund, bringing its specialist approach in private credit secondaries initially to EMEA, Latin America, APAC, and Australia.

Pantheon Global Credit Secondaries Fund (PGCS), an evergreen semi-liquid private credit secondaries strategy, aims to invest in high-quality private credit assets primarily via limited partners (LP) and general partners' (GP) liquidity solutions. PGCS will have a quarterly liquidity mechanism and will soon be available in more than 20 countries across EMEA, Latin America, APAC, and Australia, the firm said in a statement.

PGCS aims to offer investors attractive absolute and risk-adjusted returns by building a diversified portfolio of seasoned, funded, and performing private credit, primarily acquired via LP interests and GP liquidity solutions. The fund will invest in direct lending strategies and opportunistic credit strategies, aiming to deliver a compelling combination of yield and compounding.

The firm, which has partnered with more than 650 clients, including institutional investors of all size as well as private wealth advisors and investors, has about $70.8 billion in discretionary assets under management.