SBCVC V (IFC-37675)

Countries
  • China
Geographic location 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
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
FI
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jan 8, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
SBCVC MANAGEMENT V LP
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 26, 2018

Disclosed by Bank Dec 4, 2015

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

This project finances an investment in SBCVC Fund V, L.P., a Cayman limited partnership, which will then invest in equity and equity-linked instruments of fast-growing mid-market technology companies in China in order to expand local businesses, support innovation and technology, and create jobs and economic growth.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

SBCVC Management V, L.P., a Cayman partnership (the “General Partner”), is the sole general partner of the Fund and will exercise control and supervision over its operations. The general partner of the General Partner is an entity controlled by Chauncey Shey, Dr. Peter Hua, Dr. Alan Song, Tim Liu and Kathy Chen (the “Sponsors”). SBCVC Holdings Limited, BVI will be engaged by the Fund to serve as its investment manager (the “Manager”). The Manager is an affiliate of the Sponsor. SBCVC PTE. LTD., Singapore (the “Adviser”), Shanghai Chuangjing Investment Management Company Limited, China (the “Consulting Co” and along with the Sponsor, the Manager and the Adviser form the “SBCVC Group”), will advise the Manager on investments. The Managing Partners of the SBCVC Group are Chauncey Shey (Founder), Dr. Peter Hua, Dr. Alan Song and Tim Liu.

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

SBCVC Management V, L.P., a Cayman partnership, is the sole general partner of the Fund and will exercise control and supervision over its operations. The general partner of the General Partner is an entity controlled by Chauncey Shey, Dr. Peter Hua, Dr. Alan Song, Tim Liu and Kathy Chen. 


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Kathy Chen
Codan Service
Cricket Square, Hutchins Drive, P.O. Box 2681GT
Grand Cayman KY1-111, Cayman Island
Telephone No.: +862152534888
Fax No.: +862152400700
Email Address:kchen@sbcvc.com
Website: http://www.sbcvc.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/

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How it works