IFC makes $15m commitment

The government organisation has committed to a Canada-based VC fund.

Institution: International Finance Corporation
Headquarters: Washington DC, United States
AUM: $43.40bn
Allocation to alternatives: 26.99%

International Finance Corporation has confirmed a $15 million commitment to Mountain Nazca Fund II, as mentioned in a March 2020 memo on the institution’s website.

The fund, managed by Mountain Nazca, is a Canada-based venture capital fund focused on  early-stage technology companies in Latin America, predominantly Mexico.

The $43.40 billion government organisation allocates 27% of its investment portfolio to alternative investments.

As illustrated below, IFC has made several commitments to private equity funds with a 2019 or 2020 vintage.

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