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Summary of Proposed Investment

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only.

Project number 29922
India (IDA)
Sector1Private Equity/Venture Cap Fund - Sector
Environmental categoryFI
Date SPI disclosedJanuary 19, 2011
Projected board dateFebruary 25, 2011
Previous EventsInvested: October 7, 2011
Signed: May 6, 2011
Approved: April 27, 2011
  Overview     Sponsor/Cost/Location     Development Impact     Contacts     Attachments  

Project description
Kaizen Private Equity LLC (“Kaizen” or “the Fund”) is an approximately $80 million single sector private equity fund dedicated to investments in the education sector in India. The target Fund size is capped at $100 million with over 50% of the investment expected from institutional investors. The Fund aims to provide capital financing to education companies in their growth stage and will focus on operational improvements in its portfolio companies. Kaizen will be the first education sector-specific private equity fund in India. The Fund will be incorporated under the laws of Mauritius as a public limited liability company.