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
“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).
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,
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.