Private Equity and Investment Funds by rub18840

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									                                                                                                                                                             How to Contact Us
                                                                                                                          Please contact IFC’s Private Equity and Investment Funds Department for further information.

                                                                                                                                Africa                                            Latin America and the Caribbean
                                                                                                                                Ralph Keitel                                      Umberto Pisoni
                                                                                                                                Phone: 1 (202) 458-5723                           Phone: 1 (202) 473-9143
                                                                                                                                Email: RKeitel@ifc.org                            Email: UPisoni@ifc.org

                                                                                                                                Central and Eastern Europe                        Middle East and Northern Africa

IFC’S Approach                                            The IFC Advantage                                                     Milena Dermendjieva
                                                                                                                                Phone: 1 (202) 473-4061
                                                                                                                                Email: MDermendjieva@ifc.org
                                                                                                                                                                                  Hany Assaad
                                                                                                                                                                                  Phone: 20-2-2461-9140
                                                                                                                                                                                  Email: HAssaad@ifc.org
                                                                                                                                                                                                                                 Private Equity and
What We look for
•	Emerging,	promising	fund	managers
                                                          for funds
                                                          •	Fund	structuring	to	international	standards	                        East and South Asia                               Southern Europe and Central Asia               Investment Funds
                                                                                                                                Azam Khan                                         Abdellatif Kabbaj
•	A	disciplined	approach	to	managing	funds                •	Catalyst	for	other	institutional	investors                          Phone: 1 (202) 473-1663                           Phone: 1 (202) 473-8248                   opportunities in financial markets
•	Cohesive	management	teams                               •	Active	participation	through	advisory	boards	and	                   Email: AKhan@ifc.og                               Email: AKabbaj@ifc.org
•	A	mix	of	technical	and	operational	experience             committees
•	Commitment	to	corporate	governance,	transparency,	      •	Leveraging	skills	within	IFC	and	regional/industry	                 Xiaomei (Olivia) Ouyang                           Small and Medium Enterprises
  and good practices                                        expertise                                                           Phone: 1 (202) 458-8248                           Peter Tropper
                                                          •	Promotion	of	environmental	and	social	sustainability                Email: XOuyang@ifc.org                            Phone: 1 (202) 458-9124
•	Compliance	with	international	environmental	                                                                                                                                    Email: PTropper@ifc.org
  standards
•	Willingness	to	work	with	IFC	regional	offices	and	      for investee companies
  generate	co-investment	opportunities	for	IFC            •	Growth/regional	expansion
                                                                                                                               Haydee Celaya                            David Wilton                    Ayaan Adam
                                                          •	Labor	productivity                                                     Director                         New	Business	Manager              Portfolio Manager
How We invest                                             •	Job	creation                                                    Email:	HCelaya@ifc.org                  Email:	DWilton@ifc.org           Email: AAdam@ifc.org
•	Follow	“counter-cyclical”	principle                     •	Gender	empowerment
•	Survey	markets
•	Conduct	extensive	due	diligence	on	the	team             for the private equity sector
•	Screen	potential	fund	investors	including	anti-money	   •	Organizing	the	IFC	Annual	Global	Private	Equity	
  laundering                                                Conference
                                                          •	Promoting	industry	best	practice
sectors                                                   •	Speaking	at	industry	events
•	Venture/Growth	Capital                                  •	Participating	in	private	equity	classes	at	MBA	programs
•	Health/Education                                        •	Liaising	between	investors	and	fund	managers
•	Small	and	Medium	Enterprises
•	Clean	Technology	
•	Infrastructure
•	Agribusiness
•	Distressed	Assets



                                                                                                                      IFC
                                                                                                                      Private Equity & Investment Funds Department
                                                                                                                      2121 Pennsylvania Ave., NW, MSN 4P-404
                                                                                                                      Washington, DC 20433, USA
                                                                                                                      ifc.org/funds                                2008
                                                                                                                                                                                                                                                                                                                                                                                    partnerinG for success
                                                                                                                                                                                                                                                                                                                                                                                    advent lapef            IFC supported Advent’s Latin American team at a time
                                                                                                                                                                                                                                                                                                                                                                                                            when fundraising for private equity in the region was
                                                                                                                                                                                                                                                                                                                                                                                                            at a historic low following the macroeconomic crises
                                                                                                                                                                                                                                                                                                                                                                                                            of the late 1990s. Advent went on to build one of the
                                                                                                                                                                                                                                                                                                                                                                                                            most successful funds in the region through a strong
                                                                                                                                                                                                                                                                                                                                                                                                            and consistent performance during difficult times. It
                                                                                                                                                                                                                                                                                                                                                                                                            recently closed a $1.3 billion fund, attracting global
                                                                                                                                                                                                                                                                                                                                                                                                            investor interest, at which point IFC’s participation was
                                                                                                                                                                                                                                                                                                                                                                                                            no longer necessary.

                                                                                                                                                                                                                                                                                                                                                                                    Baring Vostok capital IFC started investing in BVCP when it launched its first
                                                                                                                                                                                                                                                                     Central Europe                                                                                                 partners (BVcp)       fund in 1994 as one of the first private equity funds

 The IFC Difference                                                                                                                                                                                                                                                      (11%)                                                                                                                            in the former Soviet Union. Since then, the firm has
                                                                                                                                                                                                                                                                                                                                                                                                          invested more than $600 million in nearly 50 companies,
                                                                                                                                                                                                                                                                                                                                                                                                          including CTC Media, Golden Telecom, Burren Energy,
                                                                                                                                                                                  Washington, D.C.
                                                                                                                                                                                                                                                                           Southern Europe                                                                                                                and Yandex. In 2007, BVCP closed its fourth fund with
IFC,	a	member	of	the	World	Bank	Group,	focuses	on	the	private	sector	to	promote	growth,	reduce	poverty,	and	im-                                                                  (Global funds 5%)
                                                                                                                                                                                                                                                                                (10%)
                                                                                                                                                                                                                                                                                                                                                                                                          capital commitments of $1.5 billion from institutional
                                                                                                                                                                                                                                                                                                                                                                                                          investors from Europe, Asia, and North America.
prove	people’s	lives	in	developing	countries.	IFC	is	the	world’s	largest	multilateral	financier	for	companies	that	do	
business	in	emerging	markets.We	finance	and	advise	clients	to	support	profitable	and	sustainable	business	develop-                                                                                                                                                       Middle East &
                                                                                                                                                                                                                                                                         North Africa                              South Asia                    East Asia
                                                                                                                                                                                                                                                                                                                                                                                    cDH china               CDH China is one of the first and most successful
                                                                                                                                                                                                                                                                                                                     (6%)                                                                                   indigenous fund management organizations in China.
ment	in	these	markets.                                                                                                                                                                                                                                                      (4%)                                                                  (26%)
                                                                                                                                                                                                                                                                                                                                                                                                            In 2002, IFC was an anchor investor with a $20 million
                                                                                                                                                                                                                                                                                                                                                                                                            equity commitment to its maiden fund, CDH China I,
Established	more	than	50	years	ago	and	owned	by	181	shareholder	countries,	IFC	has	unparalleled	experience	in	help-                                                                                                                                                                                                                                                                                         and subsequently supported its follow-on fund in 2005
                                                                                                                                                                                                                                                                                                                                                                                                            and venture fund in 2006. CDH China is now the lead-
ing	private	companies	succeed	in	emerging	markets	worldwide—we	are	global.                                                                                                                                                                                                                                                                                                                                  ing alternative investment fund manager in China, with

We	are	also	local—with	offices	in	more	than	80	countries	and	active	programs	in	many	others.                                  IFC: A Global Partner                                                                                                                                                                                                                                                         $3 billion under management.

                                                                                                                                                                                                                                                                                                                                                                                    emerging capital        ECP is the first private equity group to raise more than
                                                                                                                                                                                                                                                                                                                                                                                    partners (ecp)          $1.2 billion for investment in companies across the
We	can	work	with	clients	anywhere	in	the	developing	world.	Behind	every	IFC	venture	is	a	strong	network	that	links	                                                                                                                                                                                                                                                                                         African continent. IFC was a leading investor in ECP’s AIF
people,	institutions,	ideas,	and	capital.	We	are	your	connection	to	success	in	the	emerging	marketplace.                                                                                             Latin America &                                                                                              IFC Regional Hubs
                                                                                                                                                                                                                                                                                                                                                                                                            Infrastructure Fund, a $407 million private equity fund.
                                                                                                                                                                                                                                                                                                                                                                                                            The fund invested in 15 companies. ECP is now launch-
                                                                                                                                                                                                      the Caribbean
                                                                                                                                                                                                          (22%)                                                                                              ()   Private Equity fund                                                                       ing two new funds for Africa: ECP III, a $1 billion fund,
In	fiscal	year	2008,	IFC	committed	$11.4	billion	and	mobilized	an	additional	$4.8	billion	through	syndications	and	                                                                                                                                                                                               portfolio allocation                                                                      and the West Africa Real Estate Fund.
                                                                                                                                                                                                                                                                   Sub-Saharan Africa
structured	finance	for	372	investments	in	85	developing	countries.	IFC	also	provided	advisory	services	in	75	coun-                                                                                                                                                       (16%)                                    IFC Headquarters
                                                                                                                                                                                                                                                                                                                                                                                    lombard thailand        LTIF was the first private equity fund set up after the
tries.	Since	our	founding	in	1956,	we	have	committed	more	than	$75	billion	of	our	own	funds	and	arranged	more	                                                                                                                                                                                                                                                                      intermediary fund       Asian financial crisis to restructure distressed Thai
than	$30	billion	in	syndications	for	over	4,000	companies	in	142	developing	countries.	We	have	also	provided	more	                                                                                                                                                                                                                                                                  (ltif)                  companies. IFC was an anchor investor with a $37.5
                                                                                                                                                                                                                                                                                                                                                                                                            million equity commitment, and helped LTIF provide
than	$1	billion	in	advisory	services	in	the	past	20	years,	funded	by	IFC	and	our	development	partners.                                                                                                                                                                                                                                                                                                      growth capital, operations guidance, and governance
                                                                                                                                                                                                                                                                                                                                                                                                            assistance to 14 Thai companies. Today LTIF remains
                                                                                                                         creatinG opportunitY WitH                                                             invested in more than 550 companies in about 70 countries.                       •	78	 percent	 of	 these	 investments	 are	 with	 first-time	 fund	                                         the largest dedicated Thai fund and one of the most
                                                                                                                         emerGinG funD manaGers                                                                IFC’s	 commitment	 to	 private	 equity	 funds	 in	 the	 emerging	                  managers                                                                                                  successful funds in Southeast Asia.
                                                                                                                                                                                                               markets	continues	to	grow.                                                       •	More	than	half	of	these	funds	target	SMEs	
                                                                                                                         Private equity funding plays an important role in the                                                                                                                                                                                                      maghreb private         IFC committed to invest in the Maghreb Private Equity
   Our Shared Vision is that people should
   have the opportunity to escape poverty and
                                                       IFC: Key Facts                                                    development	 of	 private	 sector	 companies,	 especially	 in	 small	 IFC	 seeks	 new	 ways	 to	 bring	 both	 capital	 and	 expertise	 to	                              •	Other	 IFC-sponsored	 funds	 include	 those	 investing	 in	                       equity fund ii          Fund II (MPEF II), sponsored and managed by Tuninvest.
                                                                                                                                                                                                                                                                                                                                                                                                            The fund is one of the largest funds investing in SMEs
                                                        Credit Rating:	AAA	(Moody’s,	Standard	&	Poor’s)                  and	 medium	 enterprises	 (SMEs).	 In	 the	 developed	 world,	       market	 segments	 where	 there	 is	 little	 or	 no	 private	 equity	                                climate change mitigation and infrastructure                                                              in the Maghreb Region of Algeria, Morocco, and Tunisia.
   improve their lives.
                                                                                                                         private	equity	fundraising	has	increased	steadily	in	the	past	five	  activity.	Companies	receive	long-term	equity	financing	as	well	                                                                                                                                               Since its first closing in August 2006, the fund has
                                                                                                                                                                                                                                                                                                                                                                                                            committed more than £25 million in 12 investments in
   Our Core Corporate Values are                        Portfolio: $32.4	billion,	representing	1,490	investments	        years	 representing	 2.3	 percent	 of	 GDP	 in	 the	 U.K.	 and	      as:	support	for	business	strategy;	governance	and	transparency	 private equity & investment funds – key facts                                                                                                 a diversified range of industries including food
                                                        in	122	countries	(as	of	June	30,	2008)                           1.7	percent	in	the	U.S.,	but	it	remains	at	much	lower	levels	in	     standards;	 environmental	 management	 systems;	 accounting	 •	 IFC	 began	 investing	 in	 private	 equity	 funds	 in	 the	 1990s,	                                                                           processing, packaging, information technology, tourism,
   • Excellence
                                                                                                                         emerging	markets.                                                    and	internal	controls;	and	human	resources	and	management	               but	refined	its	approach	after	2000
                                                                                                                                                                                                                                                                                                                                                                                                            media, automotive parts, pre-fabricated construction
   • Commitment                                                                                                                                                                                                                                                                                                                                                                                             manufacturing, and higher education.
                                                        Total Staff:	Approximately	3,300	(more	than	50	percent	                                                                               development.
   • Integrity                                                                                                           Since	2000,	IFC	has	supported	the	growth	of	good	emerging	                                                                                 •	 Number	of	funds:	135,	as	of	May	2008
                                                        are	based	in	country	offices	worldwide)                                                                                                                                                                                                                                                                                     Zephyr-nexxus           IFC brought together two professional fund managers
   • Teamwork                                                                                                            market	fund	managers.	We	have	built	a	strong	track	record	of	 fY08 at a Glance                                                             •	 Commitments:	$1.9	billion,	represents	IFC’s	total	committed	                                                 mexico trust            – Zephyr Management, a New York-based team, and
                                                        Investments Committed in FY08: 372 in 85 countries               identifying	 opportunities	 to	 invest	 in	 emerging	 market	 fund	                                                                           portfolio to active funds1                                                                                                           team, and Nexxus Capital, a Mexican private equity
   Our Purpose is to                                                                                                     managers,	 many	 of	 whom	 have	 gone	 on	 to	 achieve	 regional	 •	In	FY2008,	IFC	expects	to	approve	in	excess	of	$800	million	                                                                                                                                                   group – and supported them in launching ZNM Trust,
   • Promote	 open	 and	 competitive	 markets	          Industry Coverage:                                               success	in	the	sector.	In	the	past,	IFC	has	pioneered	investment	       to	over	30	new	private	equity	funds	                               •	 Geographic	presence	of	investees:	More	than	70	countries                                                                             one of Mexico’s first private equity funds. In 2004, ZNM
                                                                                                                                                                                                                                                                                                                                                                                                            Trust divested its ownership stake in Homex, an afford-
     in developing countries                            • Global	financial	markets;	private	equity	and	investment	       in	 regions	 such	 as	 Asia	 and	 Africa.	Today	 IFC	 continues	 to	 •	60	 percent	 of	 these	 funds	 are	 investing	 in	 poor	 countries	 •	 Estimated	net	internal	rate	of	return	(IRR)	since	2000:	More	                                                                        able housing company, by performing a dual IPO on
   • Support	companies	and	other	private	sec-             funds                                                          explore	ways	to	adapt	the	private	equity	fund	model	to	reach	           assisted	 by	 the	 World	 Bank’s	 International	 Development	         than 21%                                                                                                                             the NYSE and the Mexican stock market. Homex has
     tor partners                                                                                                        emerging	markets	in	frontier	regions	and	developing	sectors,	           Association	(IDA	countries	are	those	with	the	lowest	GDP	                                                                                                                                                  continued to grow and attract investors. The ZN team
   • Generate	productive	jobs	and	deliver	ba-           • Global	manufacturing	and	services;	agribusiness;	health	                                                                               per capita)
                                                                                                                                                                                                                                                                                                                                                                                                            also launched a follow-on fund, ZNM II, with similar
                                                                                                                         and	to	support	a	new	generation	of	emerging	fund	managers.	                                                                                                                                                                                                                        investment focus as the first fund. IFC also supported
     sic services                                         and education                                                                                                                        •	More	than	25	percent	of	the	investments	are	in	Sub-Saharan	                                                                                                                                                the local team in launching its first 100 percent owned
   • Create	opportunities	for	people	to	escape	         • Infrastructure;	information	and	communication	tech-            As	of	2008,	IFC’s	outstanding	commitments	to	private	equity	            African countries                                                      ____________________________________________                                                                                        and managed fund, Nexxus Capital.
     poverty and improve their lives                      nologies;	 oil,	 gas,	 mining	 and	 chemicals;	 subnational	   funds	 exceed	 $1.9	 billon	 invested	 in	 135	 funds.	                                                                                         		IFC’s	Annual	Report	lists	Private	Equity	Funds	Department’s	commitment	as	$1.1	billion	and	represents	
                                                                                                                                                                                                                                                                                                    1


                                                          finance                                                        To	date,	investments	by	IFC-supported	funds	total	$19	billion	                                                                                 IFC’s	total	committed	portfolio	net	of	returned	capital	and	write-offs.

								
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