EIP Levant Fund SICAV (IFC-39631)

Regions
  • Middle East and North Africa
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
Proposed
Bank Risk Rating
U
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
Jul 17, 2017
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
EIP LEVANT FUND SICAV
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 Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 20, 2017

Disclosed by Bank Nov 29, 2017


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Project Description
Project Description The proposed project consists of an equity investment of up to US$7.5 million in EIP Levant Fund (the “Fund”), a closed-end private equity fund, domiciled in Malta, seeking to raise US$50 million to make equity/quasi equity investments in 8-10 companies in Levant region and Egypt. The Fund will have a generalist approach with a primary focus on healthcare, education, consumer-driven sectors and export-oriented businesses. Associated Advisory Engagement The proposed Advisory Services aim to support EIP Levant Fund as a fund established by first-time fund management team while scaling up operations, team capacity building and focused SME operational knowledge in addition to mentoring provided by one of the program’s PE SME Funds’ Specialists. The proposed project consists of an equity investment of up to US$7.5 million in EIP Levant Fund (the “Fund”), a closed-end private equity fund, domiciled in Malta, seeking to raise US$50 million to make equity/quasi equity investments in 8-10 companies in Levant region and Egypt. The Fund will have a generalist approach with a primary focus on healthcare, education, consumer-driven sectors and export-oriented businesses.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
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/