IFC approves $20m commitment

The government organisation has committed to a Middle East / Africa focused VC fund.

Institution: International Finance Corporation
Headquarters: Washington DC, United States
AUM: $54.73 billion
Allocation to Alternatives: 21.46%
Bitesize: $10-50m

International Finance Corporation has confirmed a $20 million commitment to the SPE AIF I as published in an April 2020 press release. The fund, managed by SPE Capital, is a Tunisia-based venture capital fund focused on companies within the consumer goods and heathcare sectors in Egypt, Morocco and Tunisia.

The $54.73 billion government organisation allocates 21.46 percent of its investment portfolio to alternative investments.

As illustrated below, IFC’s recent commitments have also focused on the clean tech / renewable and TMT sectors across several regions.

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