SBCVC V (IFC-37675)

Countries
  • China
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
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
Jan 8, 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
SBCVC MANAGEMENT V 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)
$ 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)
$ 400.00 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 Dec 4, 2015


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Project 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
  • International Finance Corporation (IFC)

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.

Private Actors
  • SBCVC Management V, L.P. -- Financial Intermediary

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

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/