Foursan Capital Partners II (IFC-36220)

Countries
  • Jordan
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Foursan Capital Partners II
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 9, 2018

Disclosed by Bank Mar 3, 2016


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Project Description

The proposed project consists of an equity investment of up to US$20 million in Foursan Capital Partners II, L.P. The Fund is a closed-end private equity fund which will make investments in small and mid-sized private companies in Jordan, Iraq, West Bank & Gaza and in other countries in Middle East and North Africa region with a target Fund size of US$125 million.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
  • Foursan Capital Partners II -- Financial Intermediary
  • Foursan Group -- Fund Manager

Foursan Capital Partners II is a closed-end private equity fund which will make investments in small and mid-sized private companies in Jordan, Iraq, West Bank & Gaza and in other countries in Middle East and North Africa region with a target Fund size of US$125 million.

Founded in 2000, the Foursan Group is a private equity manager focused on investing in Jordan and other emerging markets across the Middle East and North Africa. The Fund is managed by Foursan Capital Partners II G.P Holdings Limited, a Cayman Islands exempted company. Foursan’s key shareholders are institutional as well as high net-worth investors.

Contact Information

Accountability Mechanism of the IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/