Anthem Asia Myanmar SME Venture Fund, L.P. (IFC-40253)

Countries
  • Myanmar
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
Apr 19, 2018
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
ANTHEM ASIA MYANMAR SME VENTURE FUND, 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)
$ 7.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 18, 2019

Disclosed by Bank Feb 23, 2018


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Project Description

According to IFC website, Anthem Asia Myanmar SME Venture Fund, L.P. (“Anthem Asia” or “the Fund”) is a 10-year closed-end generalist private equity fund targeting to invest in small and medium enterprises (“SMEs”) in Myanmar. The Fund is seeking to raise between US$40-50 million in total capital commitments. The project will be supported by the Blended Finance Facility of the IDA18 IFC-MIGA Private Sector Window (“PSW”), created by the World Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states. The Blended Finance Facility (“BFF”) will help the SME-Ventures funds attract more private sector investors and reach more SMEs.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

The General Partner of the Fund is Anthem Asia Management Limited. The Managing Partners of the Fund are Messrs. Josephine Price and Genevieve Heng. The Investment Adviser is Anthem Asia Myanmar Limited. 

Contact Information

Anthem Asia Management Limited
Ms. Josephine Price
Managing Director
+95 9255 7377 04
josephine.price@anthemasia.com
Floor 3, 608 Merchant Street (Corner Merchant & 31st), Pabedan Township, Yangon, Myanmar
http://anthemasia.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/