IFC proposes $30m commitment

The sister organization of the World Bank backs a fund to support multiple sectors in Africa.

Institution: International Finance Corporation
Headquarters: Washington, D.C., United States
AUM: $43.40bn
Allocation to alternatives: 26.99%
Bitesize: $10m-$50m

International Finance Corporation (IFC) has proposed a commitment of $30 million to AfricInvest’s fourth mid-market growth fund, AfricInvest IV. FMO has also committed to the fund.

As illustrated below, IFC has a multi-regional appetite for funds across Asia-Pacific, the Middle East and Africa.

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