IFC approves $20m commitment

The IFC has backed a fund that supports SME enterprises in the Philipines.

Institution: International Finance Corporation
Headquarters: Washington, D.C., United States
AUM: $43.24bn
Allocation to Alternatives: 52.15%
: $10m-$50m

International Finance Corporation (IFC) continues its effort to invest in mid-sized businesses in Asia-Pacific through the commitment of $20 million to Navegar II.

The fund has a $150 million target and will invest in healthcare, manufacturing and consumer services sectors across the region.

As illustrated in the charts below, IFC has a multi-regional appetite with a recent focus on Asia-Pacific and the Middle East / Africa.

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