Sierra Madre Fund I (IFC-38633)

Countries
  • Philippines
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
Sep 30, 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
SIERRA MADRE PHILIPPINES FUND I
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)
$ 15.00 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)
$ 15.00 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 Jul 24, 2018

Disclosed by Bank Aug 29, 2016


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Project Description

Sierra Madre Philippines I (“Sierra Madre I” or the “Fund”) is a 10-year private equity (“PE”) fund which aims to raise $120 million commitments to be invested in small and medium size companies in the Philippines. The Fund plans to make equity investments into sectors that have driven the Philippines’ economic growth. Sierra Madre I will be managed by Sierra Madre Managers Ltd (the “Manager”) supported by Sierra Madre Advisers (the “Advisor”)(together “Sierra Madre”) an independent Manila-based PE firm established in 2016.

Sierra Madre is an independent first-time manager formed in 2016 by Mssrs. Alasdair Thomson, Martin Lorenzo and Danny Lizares. Sierra Madre was formed to raise a series of Philippines-focused PE funds to capitalize on the growing PE investment opportunities in the country. Since the inception, the Founders have significantly built potential pipeline for the Fund as well as recruiting talent with the complementary skill set for the business. The investment team is all based in Manila, Philippine

Investment Description
  • International Finance Corporation (IFC)
Private Actors

Sierra Madre is an independent first-time manager formed in 2016 by Mssrs. Alasdair Thomson, Martin Lorenzo and Danny Lizares. Sierra Madre was formed to raise a series of Philippines-focused PE funds to capitalize on the growing PE investment opportunities in the country. Since the inception, the Founders have significantly built potential pipeline for the Fund as well as recruiting talent with the complementary skill set for the business. The investment team is all based in Manila, Philippines.

Contact Information

SIERRA MADRE ADVISERS, INC
1F First Lucky Place 2259 Pasong Tamo Extension Makati City 1231 Philippines
Tel. +632 772 0340 info@sierramadre-pe.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/