GenBridge I (IFC-40173)

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
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
Nov 21, 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
GENBRIDGE CAPITAL FUND I, L.P.
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.
Project Cost (USD)
$ 500.00 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 Sep 16, 2018

Disclosed by Bank Sep 7, 2017


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Project Description

According to IFC website, GenBridge Capital Fund I, L.P. is a 10-year closed-end generalist private equity fund targeting consumer-themed companies in China. The Fund is seeking to raise between $400 - $500 million in total capital commitments.

Expected development impact of the project includes:

(i) national and regional expansion of local businesses, job creation and economic growth

(ii) operational, financial, environment and social improvement of local businesses through knowledge transfer by the Fund

(iii) private sector development through acceleration of growth of consumer sub-sectors.

Investment Description
  • International Finance Corporation (IFC)

The General Partner of the Fund is GenBridge Capital Fund I GP, Ltd. The Fund will be managed by GenBridge Capital Management Company, Ltd. The Partners of the Fund are Messrs. Bin Chang, Hui Li and Xinzhao Zhang.

Private Actors
  • GenBridge Capital Fund I, L.P. -- Financial Intermediary

GenBridge Capital Fund I, L.P. is a 10-year closed-end generalist private equity fund targeting consumer-themed companies in China.

The General Partner of the Fund is GenBridge Capital Fund I GP, Ltd. The Fund will be managed by GenBridge Capital Management Company, Ltd.  The Partners of the Fund are Messrs. Bin Chang, Hui Li and Xinzhao Zhang. 

Contact Information

Project Contact: Mr. Hugh Li
Managing Director, GenBridge Capital Fund I GP, Ltd 
Telephone No.: +86 10 5920 4463
Email Address: hughli@genbridgecapital.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/