Building on the momentum and success from the first inaugural equity fund, ADB Ventures is setting up a second investment fund to address ongoing market financing gaps to support early-stage and growth companies in scaling up their operations. According to the ADB Ventures newsletter, the new fund will offer debt-based products to enhance the operations of climate-focused companies.ADB Ventures is currently raising funds and aims to achieve its first close by 2022. The same source says, “the Debt Fund will catalyze additional risk capital to accelerate SDG impact and support post-pandemic recovery by helping innovators in Asia-Pacific emerging markets. It will prioritize investments in cleantech, clean energy, sustainable agri-tech, and circular economy.” Since its inception in 2020, ADB Ventures Seed Program portfolio has expanded to 7 and it has made 5 equity investments to date. ADB Ventures supports and invests in early-stage companies with technology-enabled solutions that contribute to achieving the Sustainable Development Goals (SDGs) in Asia and the Pacific. ADB Ventures is a non-sovereign platform that is expected to operate for about 30 years. https://ventures.adb.org/