Washington, D.C., February 12, 2018—
IFC Asset Management Company (AMC), a wholly owned subsidiary of the International Finance Corporation (IFC), has raised approximately $693 million for the IFC Emerging Asia Fund.
The fund's mandate is to invest growth capital across multiple sectors in 26 emerging Asian countries alongside IFC, and to provide investors with the opportunity to invest in IFC’s proprietary pipeline of investments in Emerging Asia. Central to this Fund is raising additional capital for investment in emerging markets in the Asia region, and to make the private sector central to finding and financing the development solutions that are needed most.
By leveraging IFC’s investment expertise, distinct transaction pipeline, and organizational networks, the Fund offers institutional investors a cost-efficient platform to make direct investments in emerging Asia—where barriers to entry and transaction costs for investors can be significant. IFC has invested more than $6.3 billion of equity in Emerging Asia projects from January 2000 to June 2017.
“Emerging Asia is the fastest growing region and the largest continental economy by GDP in the world,” said Marcos Brujis, CEO of IFC Asset Management Company. “These dynamics have created significant opportunities for equity investment in the region, driven by the continued need for infrastructure and the emergence of a rapidly growing middle class.”
“Reaching final close of $693 million for the IFC Emerging Asia Fund is a terrific milestone,” said Andrew Yee, Co-Head, IFC Emerging Asia Fund. “We look forward to a continued partnership with our LPs,” added Saadia Khairi, Co-Head, IFC Emerging Asia Fund.
The IFC Emerging Asia Fund has already made three investments in Apollo Health & Lifestyle (India), Summit Power International (Bangladesh) and Shwe Taung Cement (Myanmar).
About IFC
IFC - a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In FY17, we delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. For more information,
visit
www.ifc.org
About IFC Asset Management Company
IFC Asset Management Company LLC (“AMC”) is a wholly-owned subsidiary of IFC. AMC manages funds on behalf of a wide variety of institutional investors, including sovereign funds, pension funds, and development finance institutions. AMC invests in IFC transactions and leverages IFC's extensive footprint, network and track-record of investing in emerging markets. All its investments adopt IFC's ESG Performance Standards. AMC manages more than $10 billion across thirteen funds. Learn more at
www.ifcamc.org
About IFC Emerging Asia Fund
The IFC Emerging Asia Fund makes equity, equity-related and mezzanine investments across all sectors in the emerging markets of Asia.
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