Genesis China (IFC-37884)

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
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
Jan 11, 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
GENESIS CAPITAL LTD
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.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 26, 2018

Disclosed by Bank Dec 11, 2015


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Project Description

This project finances an investment in Genesis Capital I LP, a private equity fund which focuses on TMT investments in China and aims to provide capital to growth stage internet technology companies.

Investment Description
  • International Finance Corporation (IFC)

IFC would be investing in Genesis Capital I LP, a private equity fund, with established institutional investors.

Private Actors

Genesis Capital I LP is a private equity fund which focuses on TMT investments in China. The Fund aims to provide capital to growth stage internet technology companies. IFC would be investing in the Fund with established institutional investors.

The Fund will be managed by Genesis Capital Ltd, an independent fund manager incorporated in the Cayman Islands as an exempted company with limited liability, established by Richard Peng in 2015.

Contact Information

Project Contact: Mr. Richard Peng
Managing Partner, Genesis Capital
Telephone No.: +86 186 1151 9222
Office Address: 94 Solaris Avenue, Camana Bay, PO Box 1348, Grand Cayman, KY1-1108, Cayman Islands
Email Address:richard@yuanshengcapital.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/