Water Infrastructure

ABC Impact is a Singapore-headquartered impact private equity firm and one of Asia's largest dedicated impact investors. Founded in 2019 as a member of Temasek Trust Asset Management, the firm focuses on growth equity investments in companies delivering positive, measurable social and environmental outcomes alongside compelling risk-adjusted financial returns. It was established with anchor backing from Temasek Trust, Temasek, Pavilion Capital, Mapletree Investments, SeaTown Holdings, Sembcorp Industries, and Singapore Power, and has grown to manage over USD 900 million in assets under management across its two funds. ABC Impact is a signatory to the UN Principles for Responsible Investment (PRI) and the Operating Principles for Impact Management, a member of the Global Impact Investing Network (GIIN), and has its impact measurement independently verified by BlueMark. ABC Impact Fund II pursues a disciplined, thematic growth equity strategy targeting high-potential businesses across four priority sectors: clean energy and climate resilience; inclusive finance and digital access; healthcare and education; and sustainable food systems. The fund invests with a pan-Asia geographic mandate, emphasising market-led approaches in areas where conventional development models have historically underserved populations at scale. Investments announced for Fund II include Aye Finance (India), which provides loans to micro and small enterprises; Tekoma Energy (Japan), a renewable solar project developer; and DCDC Kidney Care (India), one of the country's largest dialysis networks delivering affordable treatment to underserved patients. The fund's LP base reflects both development finance institutions and institutional investors, including the Asian Development Bank, Temasek Trust, Temasek, Mapletree Investments, SeaTown Holdings, a Southeast Asian sovereign wealth fund, and a U.S. family office. ABC Impact's track record begins with its inaugural USD 300 million Fund I (2019), which invested across 11 portfolio companies and reported measurable outcomes including supply of essential services to over 20.26 million people and avoidance of 1.68 million metric tonnes of CO2 emissions. Fund I achieved a notable exit from Sunseap, a Singapore-based solar developer, in 2022. Fund II held its first close in January 2024 at over USD 550 million and reached a final close of over USD 600 million on 14 April 2025, doubling the size of its predecessor. The final close attracted new limited partners including the Asian Development Bank (USD 20 million commitment) and Temasek Trust, underscoring the firm's growing institutional credibility and reflecting strong demand for Asia-focused, institutional-grade impact investing.

GEF US Climate Solutions Fund II LP is a private equity fund managed by GEF Capital Partners. It focuses on investing in North America-based lower middle-market companies that have developed solutions to address climate change and pollution mitigation. The fund exceeded its original $250 million target, closing with $325 million of capital commitments. Limited partners in Fund II include various climate change-focused institutions such as Blue Earth Capital, HQ Capital, ODDO BHF, INGKA Investments, GEM Investments, Första AP-fonden, Quilvest Capital Partners, Granite Capital Management, and Nordea. The fund aims to support small-scale businesses critical to the transition to a net zero and circular economy by providing both capital and guidance from impact investors. GEF Capital invests in companies in sectors including clean energy, energy efficiency, waste, water, and resource efficiency. As of May 2024, the fund has invested in six companies: InSite, a Washington DC-headquartered provider of software used by real estate owners and operators to reduce energy usage and improve building performance in order to meet sustainability goals (2021); Lifecycle Renewables, a Massachusetts-based recycler of used cooking oil into a branded heating oil that is used by universities, hospitals and utility companies to attain net zero carbon emission targets (2022); Murf E-Bikes, a California-based designer and maker of electric bikes (2022); Polargy, a California-based designer of energy efficient systems for hot and cold aisle containment systems, modular walls and structural ceilings in data centers (2023); Civic Renewables, a Maryland-based provider of residential solar energy installation services (2023); and Next Step Energy Solutions, a Colorado-based provider of LED lighting systems used in the healthcare, manufacturing and commercial real estate sectors (2023).. With the closing of Fund II, GEF Capital welcomed two new operating partners, bringing expertise in carbon credit development, sales, marketing, and operational support to deepen value creation and impact for portfolio companies. The fund aims to showcase that environmental outcomes can result in strong financial and environmental benefits. FirstPoint Equity served as the lead placement agent for GEF Capital in fundraising for Fund II, attracting a broad spectrum of responsible investors. Additional placement agent services were provided by Asante Capital, TritonLake, and Impactus Partners. Latham & Watkins served as legal counsel for the formation of Fund II.

The GIP Australia Fund II has completed fundraising with aggregate committed capital of A$4.0 billion, at the upper end of the target A$3.0 – 4.0 billion range. The fund has commitments from institutional investors across Australia, Asia, Europe, and North America, with the majority of commitments coming from Australian institutions. GIPA II is a dedicated Australasia-focused open-ended fund that seeks to capture attractive investment opportunities in areas with favorable demographic, economic, and regulatory conditions, as well as rapidly growing demand for private infrastructure investments. The region represents one of the most active infrastructure markets globally, and GIP currently manages investments in nine infrastructure assets in Australia. The fund targets investment opportunities in the energy, transport, digital infrastructure, and water and waste management sectors. It aims to capitalize on opportunities in areas underpinned by favorable demographic, economic, and regulatory conditions, as well as rapidly growing demand for private infrastructure investments. The majority of GIPA II’s commitments, by value, are from Australian institutions.

The GIP Emerging Markets Fund I is focused on investing in infrastructure opportunities in 11 Target Countries in Asia and Latin America. The fund seeks to capture investment opportunities in these geographies that are underpinned by favorable demographic, economic, and regulatory conditions coupled with a rapidly growing demand for private infrastructure investments. This indicates a focus on sectors such as energy, transport, digital infrastructure, and water and waste management. The fund closed $2.1 billion in commitments in March 2024. The fund has attracted a diversified investor base, including public and private pension plans, sovereign wealth funds, insurance companies, financial institutions, asset managers, endowments, and family offices across North America, Europe, Asia, and the Middle East. This indicates a broad geographic focus and a wide range of potential investment targets within the emerging markets. With over $1 billion already deployed across a diversified portfolio of assets, the fund has a financial target of making significant investments in infrastructure projects in the target countries. The fund's leadership expressed confidence in the investment climate in these emerging markets, emphasizing the potential for positive economic impact for communities.

ISQ Global Infrastructure Fund III is a 2021 vintage infrastructure value-added fund managed by I Squared Capital. The fund closed at its legal cap of $15 billion, surpassing the initial target of $12 billion, with commitments from over 200 institutional investors across 27 countries. Including a dedicated co-investment vehicle, the fund has $15.5 billion in investable capital. The fund focuses on investments in sectors such as transportation, water and waste management, telecommunications, renewable energy, supply chains and logistics, energy transition, and digital infrastructure. It aims to make impact investments in infrastructure, preferring to invest in 15 to 20 companies globally. ISQ Global Infrastructure Fund III seeks to address critical challenges in a post-COVID world, including climate change, supply chain disruptions, digital transformation, and the energy transition. The fund targets gross returns of 15–20% and a cash yield of 6%.