IFC Asset Management Company (“AMC”) manages funds on behalf of a wide variety of institutional investors—including sovereign funds, pension funds, and development finance institutions.
AMC is a wholly owned subsidiary of IFC, and invests alongside IFC. All its investments adopt IFC Performance Standards. AMC fund investors include large institutional investors looking to increase their exposure to emerging markets and who are interested in accessing IFC’s transaction pipeline, investment approach, and track record of superior returns.
As of August 31, 2013, AMC had approximately $6.1 billion in assets under management across six funds.
IFC Asset Management Company Funds:
IFC Global Capitalization Fund
The fund, established in early 2009, helps strengthen systemically important banks in emerging markets. The $3 billion fund consists of an equity fund of approximately $1.3 billion and a subordinated debt fund of approximately $1.7 billion. As of August 31, 2013, the fund has 19 investments totaling $2.1 billion in commercial banks in Bahrain, Cambodia, Chile, Dominican Republic, Guatemala, Honduras, Malawi, Mongolia, Morocco, Oman, Papa New Guinea, Paraguay, the Philippines, Serbia, Sri Lanka, Tunisia, Vietnam, Nigeria, and in one regional African bank.
IFC African, Latin American, and Caribbean Fund
This $1 billion fund was established in 2010 and makes equity and equity-related investments across all industry sectors in Sub-Saharan Africa, Latin America, and the Caribbean. As of August 31, 2013, the fund has 20 investments totaling $657.4 million in Argentina, Brazil, Chile, Colombia, Cote D’Ivoire, Dominican Republic, Kenya, Mexico, Nigeria, Trinidad and Tobago, Uganda, two Latin American regional companies, and four regional African companies.
Africa Capitalization Fund
The $182 million fund was established in 2010, and invests in systemically important commercial banking institutions in northern and Sub-Saharan Africa. As of August 31, 2013, the fund has six investments totaling $102.8 million in Ghana, Malawi, Morocco, Nigeria, Tunisia, and one regional African bank.
IFC Russian Bank Capitalization Fund
The $550 million fund was established in 2012 and invests in mid-sized commercial banks in Russia. As of August 31, 2013, the fund has two investments totaling $78.1 million.
IFC Catalyst Fund
The fund was established in 2012 as a fund of funds and makes investments in selected resource efficiency-focused private equity funds in emerging markets. To date, the fund has $346.5 million in commitments and has two investments totaling $35 million.
IFC Global Infrastructure Fund
The fund was established in 2013 and makes equity and equity-related investments in the infrastructure sector in global emerging markets. To date, the fund has commitments of $1.05 billion and has one investment of $56.3 million in Colombia.