KAIZEN PRIVATE EQUITY II PTE LTD
Who is our client
FMO has committed USD 15 mln to Kaizen Private Equity Fund II, a Fund focused on the education sector of emerging South and South East Asia, targeting a size of USD 125 mln. The Fund will invest in education, defined as core education (e.g. K-12 schooling), parallel education (e.g. preschool, test preparation), and enabling (e.g. technologies, books, Edtech, transportation and student housing), in India, the Philippines, Vietnam, Thailand and the rest of S/SE Asia. Kaizen is the only specialized education fund manager in developing Asia.
The Fund will invest in equity and equity linked securities (e.g. convertible debt instruments) in growth and early-growth companies. Investments are sourced through Kaizen’s network (regionally and globally) or through the education activities that are attended/organized by Kaizen.
Why we fund this project
FMO has invested in Kaizen Private Equity Fund II, as according to the World Bank, quality education is one of the strongest drivers of economic growth in developing countries. Education represents a major solution to reduce inequality among society members, and empower women’s’ positions, since it provides increased chances of getting a better job, increased individual earnings and financial independence. Additionally, better education means improved health, since people are better prepared to prevent diseases and use health services efficiently. Finally, education increases people’s cognition, which eventually leads to higher awareness regarding human rights and freedoms.
Environmental and social rationale
The E&S category is B for Kaizen Private Equity FUnd II, in line with the risk profile of the prospective investments in the education sector. Kaizen therefore mainly focuses on health and safety issues, non-discrimination in personnel and hiring practices and good working conditions. The Fund’s ESG policy commits to the IFC Performance standards and country-specific laws.
- Infrastructure, Manufacturing and Services
- Signing date
- Total FMO financing
- USD 15.00 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C)