Terms and Conditions

Terms of Use/Conditions for the use of this Website

PLEASE READ THESE TERMS OF USE CAREFULLY BEFORE USING THIS WEBSITE.

By using this website, you signify you have read and accepted these Terms of Use and our Privacy Statement. If you (the “user”) do not agree to these Terms of Use, do not access or use the website and/or mobile applications (collectively “the website”). By using the services on the website, you warrant and represent that you have the legal capacity and authority to be bound by these Terms of Use. The user is responsible for compliance with all applicable laws and regulations in any jurisdiction.

The website and its content are owned and operated by Temasek Trust Asset Management Pte Ltd (“TTAM”) for general information purposes only. TTAM is the fund manager for ABC Impact funds in Singapore (“ABC Impact”), and is regulated by the Monetary Authority of Singapore (“MAS”) as a capital markets services licence holder for fund management under the Securities and Futures Act (Chapter 289) of Singapore. This website has not been reviewed by the MAS, and does not constitute investment advice or solicitation for investment in any fund.

1. Restrictions on use of materials

1.1 ABC Impact is a registered trademark of TTAM. All organisation names and logos and all related products and service names, design marks and slogans, copyright, trademarks and service marks are the properties of their respective owners and may not be reproduced or appropriated in any manner without the written permission of their respective owners. Unless otherwise indicated, the entire website is protected by copyright. References to any names, marks, products or services of third parties do not necessarily constitute or imply the our endorsement, sponsorship or recommendation of the third party, information, product or service.

1.2 No material, graphic or image from the website may be appropriated or modified in any manner, or reproduced, republished, uploaded, posted, transmitted, distributed, or used to create derivative works in any way, without the prior written our permission. No party is permitted to establish links to the website without our prior written permission. We reserve all right to deny permission for any such links. Such links must not be established in a manner so as to suggest any form of association, approval, or endorsement by us where none exists. We are not under any obligation to establish reciprocal links with any third party. Nothing contained herein confers any license or right under any copyright, patent, trademark, or other proprietary rights or any third party.

1.3 Neither we nor any of our subsidiaries, affiliates, related funds, or ours and their respective directors, officers, employees, agents, partners, principals, representatives nor any other connected person is, in connection with this site, engaged in rendering auditing, accounting, tax, legal, advisory, consulting or other professional services or advice. Each user agrees not to use the content of the website as a substitute for independent investigations and judgment of the user of the website and such user shall obtain such advice tailored to his particular factual situation. Each user is responsible for all matters arising from his use of the website.

1.4 Each user may save a local copy or print a copy of the material at the website for his own personal non-commercial use, provided the copyright notice on the material is not removed. However, such use must not be charged for and any commercial use is expressly prohibited. This means, for example, that material from the website must not be posted to a local intranet site or distributed for commercial purposes without our permission.

1.5 Each user agrees to use the website in accordance with these Terms of Use and for lawful and proper purposes and shall not:-

  1. upload, post, email, transmit or otherwise make available any content that is unlawful, harmful, threatening, abusive, harassing, tortious, deceiving or misleading, defamatory or otherwise false statements of fact in any particular, vulgar, obscene, libellous, invasive of another’s privacy, hateful, racially, religiously, ethnically, politically, or otherwise objectionable on the grounds of public interest, public morality, public order, public security or national harmony, offends against good taste and decency, is otherwise prohibited by applicable laws, or which creates liability on our part;
  2. upload, post, email, transmit or otherwise make available any unsolicited or unauthorized advertising, promotional materials, “junk mail,” “spam,” “chain letters,” “pyramid schemes,” or any other form of solicitation;
  3. upload, post, email, transmit or otherwise make available any material that contains software viruses or any other computer code, files or programs designed to interrupt, destroy or limit the functionality of any computer software or hardware or telecommunications equipment;
  4. interfere or attempt to interfere with the operation or functionality of the website; or
  5. obtain or attempt to obtain unauthorized access, via whatever means, to any of our systems.

1.6 We reserve the right, in its sole and absolute discretion, to refuse any potential user access to the website and/or any of the services available on the website. We may, in our sole and absolute discretion, determine whether there has been a breach of these Terms of Use and, in the event of such breach, may take actions, including but not limited to the following, against the user, which are in addition to and without prejudice to the our rights and remedies under law available to us:

  1. immediate, temporary, or permanent withdrawal of the user’s right to use our services;
  2. immediate, temporary, or permanent removal of any posting or material uploaded by the user;
  3. the issuance of a warning to the user;
  4. legal action against the user;
  5. denial of access to any contributions that do not comply with our content standards; and/or
  6. reporting and disclosure of information to law enforcement authorities.

2. Third-Party Postings and Hyperlinks to Third-Party Websites

2.1 The website may contain hyperlinks to other websites (“External Sites”) which are neither maintained nor controlled by us, or may contain content posted on or via the website by third parties.

2.2 The user agrees and acknowledges that, to the maximum extent permissible under law, we and our subsidiaries, affiliates, related funds, and ours and their respective directors, officers, employees, agents, partners, principals, representatives, and other connected persons thereof shall not be responsible for any errors or omissions in any content in the website, or the content, products, or services of any hyperlinked External Site or any hyperlink contained in a hyperlinked External Site, nor for the privacy and security practices employed by these External Sites, and under no circumstances shall we, our subsidiaries, affiliates and related funds, and ours and their respective directors, officers, employees, agents, partners, principals, representatives, and other connected persons thereof be liable for any loss or damage of any kind incurred as a result of the use of any content posted or contained in e-mails or otherwise transmitted or displayed via the website, or arising from access to External Sites. The user agrees that the use of the website and any hyperlinks and access to External Sites are entirely at his own risk.

The user acknowledges that we have no control over, and excludes all liability for, any material on the Internet which can be accessed by using the website, and further acknowledges that we shall not be deemed to have endorsed any such content thereto.

3. Links to the Website

3.1 Except as stated, caching of, links to, and framing of the website, or any of its contents, is strictly prohibited. The user shall not link to the website without obtaining our prior written consent. The user must make a specific request for, and secure permission from us, prior to hyperlinking to, or framing, an internal link of the website or any of its contents, or engaging in any such similar activities. We reserve the right to impose conditions when permitting any hyperlinking to, or framing of the website, or any such similar activities.

3.2 By linking to or framing the website or any of its contents, or engaging in any other similar activities, the user indicates acceptance of the Terms of Use, including any such amendments, modifications, or supplements thereto from time to time, and also including any document which amends, modifies, or supplements the Terms of Use. If the user does not accept the Terms of Use, he must immediately discontinue linking to or framing of the website or any of its contents, or engaging in any such similar activities.

4. Security

4.1 We take certain industry-accepted precautions to secure the website or portions thereof. However, the user understands and agrees that such precautions cannot guarantee that the use of the website is invulnerable to security breaches. Neither we or any of our subsidiaries, affiliates and related funds, and ours and their respective directors, officers, employees, agents, partners, principals, representatives, and other connected persons thereof make any warranty, guarantee, or representation that the use of the website is protected from all viruses, worms, Trojan horses, and other vulnerabilities.

5. Cookies

5.1 In using the website, we may issue to and request from the user’s computer or other electronic devices “cookies” to enable more convenient browsing when the user revisits the website. The user must not alter any cookies sent to his computer or other electronic devices from the website, and must ensure that the user’s computer or other electronic devices sends correct and accurate cookies in response to any relevant request from the website.

6. Personal Data

6.1 We are committed to protecting and respecting the user’s personal data. Please read the Privacy Statement to understand our views and practices regarding the user’s personal data and how it will be treated by us.

7. No Representation or Warranties

7.1 While every effort has been made to ensure that the information provided in the website herein is up-to-date and accurate, we and our subsidiaries, affiliates and related funds, and ours and their respective directors, officers, employees, agents, partners, principals, representatives, and other connected persons thereof make no representation or warranty of any kind, either express or implied, as to the completeness, correctness, accuracy, suitability, reliability or otherwise of the website or its content or the results of its use for any purpose, all of which is provided “as is” and “as available”. It does not warrant that the use of the website, or the server that makes it available, will be uninterrupted, error-free, or free from loss, corruption, attack, viruses, worms, Trojan horses, other software vulnerabilities, interference, hacking, or other security intrusions. We and our subsidiaries, affiliates and related funds, and ours and their respective directors, officers, employees, agents, partners, principals, representatives, and other connected persons thereof disclaim all warranties and obligations relating to the website, including but not limited to all implied warranties and obligations of merchantability, fitness for a particular purpose, title and non-infringement.

8. Limitation of Liability

8.1 The information contained herein in the website shall be accessed and used at the user’s own risk and to the fullest extent permissible and subject to and pursuant to all applicable laws and regulations. We and our subsidiaries, affiliates and related funds, and ours and their respective directors, officers, employees, agents, partners, principals, representatives, and other connected persons thereof shall not be liable for any direct, indirect, incidental, special, exemplary, consequential or other damages whatsoever (including but not limited to liability for loss of use, data or profits), including but not limited to contract, negligence or other tortious actions, arising out of or in connection with this site, even if we and/or our subsidiaries, affiliates and related funds, and ours and their respective directors, officers, employees, agents, partners, principals, representatives and other connected persons thereof have been advised of the possibility of such damages or losses that were, are being or will be incurred.

9. Modifications

9.1 We reserve all rights to make any and all changes in the website at its sole discretion without prior notice to the user. We reserve the right to deny access to the website to anyone at any time without prior notice. Material on our websites may include technical inaccuracies or typographical errors. Changes may be periodically incorporated into this material. We may make improvements and/or changes in the products, services and/or programmes described in these materials at any time without notice.

10. Suggestions, Comments and Feedback

10.1 If the user has any suggestions, comments, or feedback, or wishes to report any abuses, inappropriate online conduct, or a violation of these Terms of Use, please email IR@abcimpact.com.sg.

10.2 Should the user respond to any part of the materials contained herein in the website with any communications including feedback data, such as questions, comments, suggestions, or the like, such information shall be deemed to be non-confidential and We and our subsidiaries, affiliates and related funds, and ours and their respective directors, officers, employees, agents, partners, principals, representatives, and other connected persons thereof shall have no obligation whatsoever with respect to such communications and shall be free to reproduce, use, disclose and distribute the information to others without limitation, and shall be free to use in any way for any purpose whatsoever the content of such communications including any ideas, know-how, techniques or concepts disclosed therein.

11. Waiver

11.1 No failure or delay by us in exercising any right or remedy provided by law or pursuant to these Terms of Use shall operate or be deemed as a waiver or variation of such right or remedy, or preclude its exercise at any subsequent time, and no single or partial exercise of any such right or remedy will preclude any other or further exercise of it or the exercise of any other right or remedy.

12. Severance

12.1 If any term or a part of a term of these Terms of Use shall be held to be invalid or unenforceable for any reason whatsoever, that term or part thereof shall to that extent be deemed not to form part of these Terms of Use and shall be severable from these Terms of Use without impairing or affecting the legality, validity, or enforceability of the remaining parts of the term, or any of the remaining terms of these Terms of Use.

13. Applicable Law and Jurisdiction

13.1 The law applicable to the terms of use of the website is the law of the Republic of Singapore and the courts of the Republic of Singapore will have exclusive jurisdiction in case of any dispute.

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Yeo Zuo Yi

Director
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Ryan Liew Bing En

Director
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Aditya Misra

Director
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Silky Raheja

Director
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Tan Ming Xian

Vice President
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Yap Xue Qi

Vice President
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Jason Xu

Vice President
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Ngan Ye Ring

Vice President
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Hiew Wen Ji

Assistant VP
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Tran Khanh Linh

Assistant VP
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Rachel Fong

Assistant VP
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Jirada Jongjakapun

Assistant VP
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Lim Shang Yi

Associate
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Boey Kai Jie

Analyst
 X 

Liew Bing En

Analyst
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Chin Keen Tat

Analyst
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Goh Yew Lin

Goh Yew Lin

Chairman and Non-Executive Director

Mr Goh Yew Lin is Chief Executive Officer of G. K. Goh Holdings Pte Ltd, an investment company with substantial assets in aged care in Australia and Singapore, alongside venture capital and private equity. He is Chairman of Xora Innovation, a Temasek-owned venture builder, and a Director of Temasek Trust. He was Chairman of Seviora Holdings, Temasek’s asset management arm, until September 2025, and served as a non-executive Director of Temasek Holdings from 2005 to 2018.

Mr Goh is also a board member of A*STAR (the Agency for Science, Technology and Research) and Chairman of the Governing Board of Duke-NUS Medical School. He holds a degree from the Wharton School, University of Pennsylvania.

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David Heng

David Heng

Chief Executive Officer and Executive Director

As Chief Executive Officer of Temasek Trust Asset Management (TTAM), Mr David Heng oversees two investment platforms: ABC Impact, an Asia-focused growth impact private equity firm with over S$1 billion (US$900 million) in assets under management, and Temasek Trust Capital, a purpose-aligned investment platform managing a diversified portfolio in support of Temasek Trust’s long-term philanthropic objectives.

With over 30 years in the investment industry, Mr Heng spent 14 years in senior leadership roles at Temasek, including Head of Real Estate, Head of Japan & Korea, Joint Head of Consumer, and Joint Head of China, prior to which he was with Deutsche Bank AG. He serves as an Independent Director of Sea Limited (NYSE: SE) and is a board member of the Centre for Impact Investing and Practices (CIIP). Mr Heng is an IBF Fellow (Asset Management). He holds an MBA from the University of Hull and a Bachelor of Engineering from the University of Canterbury.

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Desmond Kuek

Desmond Kuek

Non-Executive Director

Mr Desmond Kuek is Executive Director and Chief Executive Officer of Temasek Trust, the philanthropic arm of Temasek, a role he has held since January 2023. He was previously Divisional Vice Chairman, Global Wealth Management at UBS AG (2019 to 2022), where he headed Sustainable Finance for Asia Pacific, and President and Group CEO of SMRT Corporation (2012 to 2018). Earlier in his career he served nearly three decades in the Singapore public service and Singapore Armed Forces, including as Permanent Secretary of the Ministry of the Environment and Water Resources, Chief of Defence Force, and Chief of Army.

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Chan Wai Ching

Chan Wai Ching

Non-Executive Director

Ms Chan Wai Ching is Chief Corporate Officer of Temasek International and a member of its Strategy, Portfolio and Risk Committee and Senior Management Committee. She heads Temasek’s Organisation & People function and is a Director of Temasek Trust. She joined the board of Seviora Holdings, Temasek’s asset management group, in September 2025. Ms Chan joined Temasek in June 2006, following an extensive human resources career at Fullerton Financial Holdings, Citibank, Singapore Technologies, United Overseas Bank and Overseas Union Bank. She holds a Bachelor of Business Administration from the National University of Singapore and completed the Advanced Management Programme at Harvard Business School in 2012.

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Margaret Lui

Margaret Lui

Non-Executive Director

Ms Margaret Lui is an experienced investment professional in direct investments, asset management and private equity. She was Chief Executive Officer of Azalea Investment Management, a wholly owned subsidiary of Temasek, from its founding in 2015 until her retirement on 31 March 2025; under her leadership, Azalea grew to manage around US$11 billion in assets and developed its two flagship platforms, the Astrea Private Equity Bonds and the Altrium PE Funds. She remains an Adviser to Azalea and sits on the Investment Committees of its Altrium funds.

Ms Lui spent 40 years with the Temasek group from 1985, including as Senior Managing Director and, prior to Azalea, as Chief Operating Officer of two of Temasek’s affiliate investment management companies. She also serves on the Board of Trustees of the Singapore Institute of Technology, as an independent non-executive director of Lendlease, as Chair of PSA International’s Marine Services Supervisory Committee, and as a member of the Singapore Exchange’s Listing Advisory Committee.

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David Heng

David Heng

Chief Executive Officer

As Chief Executive Officer of Temasek Trust Asset Management (TTAM), Mr David Heng oversees two investment platforms: ABC Impact, an Asia-focused growth impact private equity firm with over S$1 billion (US$900 million) in assets under management, and Temasek Trust Capital, a purpose-aligned investment platform managing a diversified portfolio in support of Temasek Trust’s long-term philanthropic objectives.

With over 30 years in the investment industry, Mr Heng spent 14 years in senior leadership roles at Temasek, including Head of Real Estate, Head of Japan & Korea, Joint Head of Consumer, and Joint Head of China, prior to which he was with Deutsche Bank AG. He serves as an Independent Director of Sea Limited (NYSE: SE) and is a board member of the Centre for Impact Investing and Practices (CIIP). Mr Heng is an IBF Fellow (Asset Management). He holds an MBA from the University of Hull and a Bachelor of Engineering from the University of Canterbury.

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Tan Shao Ming

Tan Shao Ming

Chief Investment Officer

Mr Tan Shao Ming leads a diverse team of impact-oriented investment professionals in building a portfolio that generates impact alongside compelling, market-rate risk-adjusted returns across Asia.

He brings over 20 years of institutional investing experience across a range of styles and strategies. At Temasek, he worked on acquiring controlling and minority positions in Asian banks in the aftermath of the 1997 Asian financial crisis. He later focused on special situations and structured credit at Citadel Investment Group in Hong Kong, covering China, Taiwan and Southeast Asia, and led Southeast Asian mid-market investing at Citi Private Equity.

Mr Tan is a Chartered Financial Analyst. He holds a Bachelor of Engineering (Chemical), First Class Honours, and a Master of Engineering (Chemical) from the National University of Singapore.

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Sugandhi Matta

Sugandhi Matta

Chief Impact Officer

As Chief Impact Officer, Ms Sugandhi Matta leads ABC Impact’s approach to assessing, measuring and driving impact outcomes across its portfolio, and also invests for the firm across South and Southeast Asia. She brings over 20 years of investing experience in the region, having previously been Director of Investment at LeapFrog Investments, a billion-dollar impact fund focused on financial inclusion, and before that focused on Southeast Asian mid-market private equity at Actis. She began her investing career as a member of Temasek Holdings’ Financial Services team.

Ms Matta sits on the boards of several portfolio companies across India and the UK, and has also held board directorships in Thailand and Indonesia. She holds an MBA from the Indian Institute of Management, Bangalore, and a Bachelor of Engineering from Maharaja Sayaji Rao University, Baroda.

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Eugene Huang

Eugene Huang

Chief Strategy Officer

Mr Eugene Huang was previously Managing Director, Investments at Temasek, where over a 12-year tenure based in Singapore, Beijing and Shenzhen he invested and exited over US$5 billion of capital globally across industries such as software, e-commerce, social media, education and consumer. He was most recently responsible for Temasek’s technology and consumer investments in China and head of its Shenzhen office.

Mr Huang began his career as an investment banker with Merrill Lynch & Co. (now Bank of America) in New York and Hong Kong. He graduated summa cum laude from New York University’s Stern School of Business.

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Charina Chan

Charina Chan

Chief People Officer

Ms Charina Chan is Chief People Officer of ABC Impact, a role she holds concurrently with Chief People Officer of Temasek Foundation Ltd and Head of Organisation, Human Resources and Administration at Temasek Trust Ltd. She was previously part of Temasek International’s Organisation & People team, where she led the Non-Executive Talent portfolio, covering board governance and the management of an extended talent network for Temasek and its portfolio companies. Earlier in her career she worked at Fullerton Financial Holdings, a wholly owned subsidiary of Temasek Holdings.

Ms Chan holds an MBA from Imperial College London and a Bachelor of Science from the National University of Singapore.

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Koh Boon San

Koh Boon San

Managing Director, Operations (Non-Investment)

Mr Koh Boon San is responsible for finance, risk, compliance and operations at ABC Impact. He brings more than 20 years of experience across fund management, finance and the corporate sector.

Before joining ABC Impact, Mr Koh headed the business management team at HSBC Securities Services, covering trustee, fund administration and custody services, and spent 10 years at Fullerton Fund Management heading various finance, risk and compliance functions. He began his career at Pricewaterhouse before joining Temasek Holdings’ finance department.

Mr Koh holds a Bachelor in Accounting (Second Class Honours, Upper Division) from Nanyang Technological University and is a member of the Institute of Singapore Chartered Accountants.

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Jeffrey Fang

Jeffrey Fang

Head of Investor Relations and Communications

Mr Jeffrey Fang leads Investor Relations at ABC Impact, responsible for capital raising, investor engagement and external communications across global markets.

Earlier in his career, Mr Fang held roles across corporate development, operations and financial communications. He was Director of Strategic and Public Affairs at Temasek, managing global M&A communications, media relations, and crisis and issues management. He subsequently built a portfolio as an angel investor and venture operator, alongside his own advisory practice, before joining Temasek Trust Asset Management.

Mr Fang serves on the boards of Kim Dental, the Home Nursing Foundation, and several venture-backed companies. He holds an MA in International Relations and Affairs from the Fletcher School of Law and Diplomacy at Tufts University and a BA in Mass Communication from RMIT University.

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Climate
& Water Solutions

We invest in businesses strengthening energy security and accelerating the energy transition across Asia, alongside companies improving water resilience and access — from renewable energy infrastructure and energy efficiency to water treatment and resource management.
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Sustainable Food
& Agriculture

We back companies improving the productivity, sustainability, and resilience of Asia's food systems — including precision agriculture, alternative proteins, and solutions that reduce waste across the supply chain.
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Financial
& Digital Inclusion

We invest in technology-enabled businesses expanding access to financial services for underserved individuals and micro-enterprises across Asia, including digital lending, insurance, and payments infrastructure.
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Better Healthcare
& Education

We back businesses improving access to quality healthcare and education across Asia — from tech-enabled diagnostics and elder care to digital learning platforms serving students at scale.