Long Hill (IFC-38790)

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.
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 26, 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
LONG HILL CAPITAL VENTURE PARTNERS 1, L.P.
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • 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 Aug 11, 2018

Disclosed by Bank Aug 15, 2016


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Project Description

Long Hill Capital Venture Partners 1 LP is a venture capital fund which focuses on health and consumption services investments in China. The Fund aims to provide capital to early stage services-oriented companies. IFC would be investing in the Fund with established institutional investors.

Expected Development Impact
(1) Private sector development: The Fund will help support the growth of the venture capital and private equity industry in China, and potentially support the expansion of Chinese companies, especially in health services and consumer sectors.
(2) Improved outcome in healthcare services in China: The Fund will invest ~75% of its capital in healthcare services and help the Chinese population reach more adequate and higher quality care.
(3) Financial Success: Evidenced by the Fund's investment return (net IRR) and the Manager's ability to raise successor fund.

Investment Description
  • International Finance Corporation (IFC)

The Fund will be managed by Long Hill Capital Management, an independent fund manager (“Long Hill” or the “Manager”) incorporated in the Cayman Islands as an exempted company with limited liability, established by Xiaodong Jiang in 2016.

Private Actors

The Fund will be managed by Long Hill Capital Management, an independent fund manager incorporated in the Cayman Islands as an exempted company with limited liability, established by Xiaodong Jiang in 2016.

Long Hill Capital Venture Partners 1 LP is a venture capital fund which focuses on health and consumption services investments in China.

Contact Information

Project Contact: Mr. Xiaodong Jiang
Managing Partner
Telephone No.: +86 139 111 83112
Office Address: Unit 2202 Plaza 66, 1266 Nanjing West Road, Shanghai China 200040
Email Address:xjiang@lhcap.cn

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/