IFC proposes $30m commitment

The World Bank Group member continues to support the technology sector in Southeast Asia

Institution: International Finance Corporation
Headquarters: Washington, D.C., United States
AUM: $43.4bn
Allocation to alternatives: 26.99%
Bitesize
: $10-$50m

International Finance Corporation (IFC) has proposed a $30 million commitment to Provident Growth Fund II, a fund that targets growth-stage technology investments in Southeast Asia with a focus on Indonesia.

The fund is planning to raise a total of $200 million with an average ticket size between $10 million and $20 million.

As illustrated in the charts below, IFC has a multi-regional appetite for Asia-Pacific, Central and Eastern Europe and the Middle East/ Africa.

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