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Through a $20 million investment, Proparco will support job creation and sustainable development in Thailand and the Mekong region.

Lombard Asia V is managed by Lombard Asia Management Ltd. (“Lombard Asia”), a growth-focused Southeast Asia-based private-equity firm established by investment professionals who are formerly affiliated with Lombard Investments, Inc. (“Lombard Investments”). The Lombard Asia team has long-standing experience of investing in the Southeast Asia region through prior funds of Lombard Investments, particularly in agribusiness, healthcare and retail sectors, which are key to job creations and sustainable development.

Proparco’s $20 million investment contributes to the first closing of Lombard Asia’s new fund, Lombard Asia V. Other investors also participating in this first closing include development financial institutions (DFIs) and other investors such as pension and PE-dedicated funds.

Lombard Asia V targets a total fund size of $200 million, and is dedicated to investing in mid-cap businesses in Thailand and nearby countries in the Mekong region, especially Vietnam.

This investment is expected to accelerate job creations in investee companies and related supply-chain businesses, thereby contributing effectively to Sustainable Development Goals #8 (Decent Jobs and Economic Growth) and #9 (Industry, Innovation and Infrastructure).