Principle IV (IFC-37651)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
eastern seaboard of China
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Mar 4, 2016
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
PRINCIPLE CAPITAL FUND IV LP
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)
$ 30.00 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)
$ 350.00 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 Aug 26, 2018

Disclosed by Bank Jan 20, 2016


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Project Description

The proposed project is for an equity investment of up to $30 million in Principle Capital Fund IV L.P. (“the Fund”), a 10 year closed-end generalist private equity fund targeting fast-growing mid-market companies in China. The Fund is seeking to raise $350 million total committed capital

Investment Description
  • International Finance Corporation (IFC)

The Fund sponsor is Principle Capital Advisors Limited (“Principle”), an independent private equity firm focused on investing in China. Based in Shanghai, China, Principle has over US$350 million Renmimbi equivalent assets under management across four collective investment vehicles.

Private Actors

Principle Capital Fund IV L.P. is a 10 year closed-end generalist private equity fund targeting fast-growing mid-market companies in China.

The Fund sponsor/manager is Principle Capital Advisors Limited is an independent private equity firm focused on investing in China. Based in Shanghai, China, Principle has over US$350 million Renmimbi equivalent assets under management across four collective investment vehicles.

Contact Information

Lin-Lin Zhou
CEO, Principle Capital
1228 Yan'an Zhong Road Kerry Center Office Tower 3, 28/F Shanghai, China 200040
T: +86 21 6886 2466
F: +86 21 6886 2467
W: http://www.principle-capital.com/english/EIndex.aspx

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/