Falcon House Partners Fund II, L.P. (IFC-36865)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • Indonesia
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
Approved
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.
Voting Date
Nov 1, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Falcon House Partners Fund II, L.P.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
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)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 14, 2018

Disclosed by Bank Oct 1, 2015


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Project Description

According to IFC website, this project finances a private equity fund that will focus on growth-oriented, medium-sized enterprises in Indonesia. The expected development impact of the project includes:

1. private sector development through creating sustainable companies in the Fund's portfolio investments and providing them with access to an alternate source of funding;
2. job creation that is expected to come through the business growth of the portfolio companies;
3. operational improvements and enhanced corporate governance in the Indonesian portfolio companies and;
4.  supporting a promising local fund manager in Indonesia and thereby providing demonstration effect for the further development of private equity as an asset class in Indonesia. 

Investment Description
  • International Finance Corporation (IFC)

Falcon House Partners Fund II, L.P. is a ten-year private equity fund with a target size of US$300 million. The founding Partners of Falcon House Partners Fund II, L.P. are Messrs, Glenn Yusuf, Samir Soota, and Brian O’Connor.

Private Actors
  • Falcon House Capital Management Ltd. -- Fund Manager
  • Falcon House Partners Fund II, L.P. -- Financial Intermediary

Falcon House Partners Fund II, L.P.  is a ten-year private equity fund with a target size of US$300 million.

 

Contact Information

Project Contact: Samir Soota
Director, Falcon House Capital Management Ltd.
Office Address: 541 Orchard Road #15-03, Liat Towers Singapore 238881
Telephone No.: +65 67351135
Email Address: samir@falconhousepartners.com

ACCOUNTABILITY MECHANISM OF 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/