Highland PE Mezz (IFC-39831)

Countries
  • Kyrgyzstan
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
  • Multilateral Investment Guarantee Agency (MIGA)
  • World Bank (WB)
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
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.
Borrower
HIGHLAND PRIVATE EQUITY AND MEZZANINE FUND L.P.
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Communications
  • Education and Health
  • Finance
  • Industry and Trade
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)
$ 5.00 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)
$ 30.00 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 6, 2018

Disclosed by Bank Jan 26, 2018


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Project Description

This project is an equity investment in the Highland Private Equity and Mezzanine Fund L.P., an institutional investment fund in Kyrgyz Republic, and will be supported by the World Bank Group's Blended Finance Facility. The Fund will then invest in 10 - 15 local small and medium-sized enterprises (SMEs) operating in the consumer, agro-processing, healthcare, education, and telecommunications sectors. 

Investment Description
  • International Finance Corporation (IFC)
  • Multilateral Investment Guarantee Agency (MIGA)
  • World Bank (WB)

Through the Blended Finance Facility, the World Bank Group is co-investing up to US $5 million.

Private Actors
  • Highland Capital LLC -- Fund Manager
  • Highland Private Equity and Mezzanine Fund L.P. -- Financial Intermediary

Highland Private Equity and Mezzanine Fund L.P. (the “Fund”), one of the first institutional investment funds in the Kyrgyz Republic seeking to raise US$30 million to provide risk capital to 10-15 local Small and Medium Enterprises (SME) in the form of equity and quasi-equity financing in the Kyrgyz Republic. The Fund is a generalist with a focus on the consumer sector, agro-processing, healthcare, education and telecommunications.

Highland Capital LLC, the fund manager, is a Bishkek based investment management firm established in 2014.  

Contact Information

Highland Capital 
Mr. Cholponbek Jumashukurov 
Managing Partner 
+ 996 312 961 935 
info@highland.kg 
110 Toktogul Street, 3rd floor, Bishkek, Kyrgyz Republic 
www.highland.kg 

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