IFC Asset Management Company mobilizes and manages funds on behalf of a wide variety of institutional investors—including sovereign funds, pension funds, and development finance institutions.
A wholly owned subsidiary of IFC, it invests alongside IFC and all its investments adopt IFC Performance Standards. It raises funds targeted at large institutional investors who are looking to increase their exposure to emerging markets and who are interested in accessing IFC’s transaction pipeline, investment approach, and track record of superior returns.
As of June 30, 2012, IFC Asset Management Company had approximately $4.5 billion in assets under management.
IFC Asset Management Company Funds:
IFC Capitalization Fund The $3 billion fund consists of an equity fund of about $1.3 billion and a subordinated debt fund of about $1.7 billion. Since its inception in 2009 through the end of FY12, the capitalization fund made investments totaling $1.3 Billion in 11 commercial banks in Bahrain, Honduras, Malawi, Mongolia, Oman, Paraguay, the Philippines, Serbia, Vietnam, and in one regional African Bank.
IFC African, Latin American, and Caribbean Fund Since 2010, the $1 billion fund made investments totaling $361 million in Brazil, Mexico, Nigeria, Trinidad and Tobago, and in two regional African companies—one in cement and one in banking.
The African Capitalization Fund Established in FY11 the fund invests in systemically important commercial banking institutions in northern and Sub-Saharan Africa. As of the end of FY12, it had made two investments commitments totaling $11.5 million in Ghana and Malawi.
IFC Russian Bank Capitalization Fund The $275 million IFC Russian Bank Capitalization Fund was established in June 2012 to invest in licensed commercial banks, bank holding companies, and other bank-related investment vehicles in Russia, either privately owned or government-owned and on a clear path to privatization. The fund currently has commitments from IFC, the Russian Ministry of Finance, and Russia’s Vnesheconombank.