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Leading Asias Private Sector Infrastructure

(LEAP) Fund
The LEAP Fund is a co-financing fund aimed at boosting support for private sector infrastructure
transactions in Asia and the Pacific. Launched in March 2016, it has been designed to complement the
Asian Development Banks (ADBs) private infrastructure platform to fill critical financing gaps and
reduce bankability constraints in a wide range of quality, private-sector led infrastructure
transactions. The LEAP Fund is managed by ADBs Private Sector Operations Department (PSOD), and
is capitalized with a $1.5 billion commitment from the Japan International Cooperation Agency (JICA).
LEAP Fund Highlights
The LEAP Fund will develop a diversified portfolio of senior debt financing, mezzanine financing, and
equity investments over a five year investment period based on pre-agreed eligibility criteria and
portfolio concentration limits
Focus is on parallel financing with PSOD of larger transactions to allow PSOD to increase the amount
of financing it can otherwise offer clients; this will include both project financing and corporate
finance transactions requiring significant capital
A smaller portion is aimed at projects needing innovative financing on concessional terms
Will target quality infrastructure projects offering high impact development outcomes
ADB originates LEAP transactions and provides co-financing on its own account
ADB is the lender or investor of record for the LEAP Funds loans and investments
ADB manages each LEAP Fund loan or investment throughout its life
To access the LEAP Fund, transactions must be eligible for assistance (and have participation) from
PSOD (http://www.adb.org/site/private-sector-financing/applying-assistance)
Available for ADBs developing member countries subject to ODA eligibility from JICA
Target Sectors
Energy
- Renewable energy generation
- Energy efficiency and conservation
- Natural gas refining, processing transmission &
distribution
- High efficiency natural gas generation
Transport
- Road, water, rail and air transports
- Multimodal logistics
- Urban roads and traffic management
- Urban public transport
Water
- Water, wastewater, solid waste management
- Other urban infrastructure and services
Information, Communication & Technology
Health

LEAP Eligible Transactions1


Stage
- Early-stage
- Growth-stage
- Greenfield
- Brownfield
Product Offerings
- Senior debt financing
- Mezzanine financing
- Equity investment
Recipients
- Public-private partnerships
- Joint ventures
- Infrastructure concessions
- Corporate financing

The LEAP fund will provide financing to companies and projects, as well as to financial intermediaries (e.g. holding companies,
local currency vehicles) where there is a direct link to infrastructure. Private equity funds will be excluded from financial
intermediaries.

For informational purposes only

Leading Asias Private Sector Infrastructure


(LEAP) Fund
About ADB
Founded in 1966, has 67 member countries and over 3,100 employees in 31 field offices. ADB has
developed a strong non-sovereign investment platform with close to $9 billion in approvals and $17
billion in capital mobilized since 2010. ADBs vision is an Asia and Pacific region free of poverty. Its
mission is to help its developing member countries reduce poverty and improve the quality of life of
their people.
About JICA
JICA is responsible for administering Japanese Official Development Assistance (ODA). The organization
is one of the worlds largest bilateral aid agency and works in over 154 countries and regions through a
network of 90 overseas offices. JICA aims to contribute to the promotion of international cooperation as
well as the sound development of Japanese and global economy by supporting the socioeconomic
development, recovery or economic stability of developing regions.

For more information contact


Janette Hall (jhall@adb.org) or David Barton (dbarton.consultant@adb.org)

For informational purposes only