Capria Fund LLC (IFC-41287)

Regions
  • World
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
FI
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Capria Ventures LLC
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 8.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 3, 2018

Disclosed by Bank Jul 30, 2018

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

Capria Fund LLC, a Delaware series limited liability company, is targeting a US$100 million to finance:

(i) investments into fund management companies in emerging markets;

(ii) commitments into emerging market investment funds as a limited partner; and

(iii) direct investments into the entrepreneur-led local businesses invested into by selected fund managers.

The project will be additionally supported by the Blended Finance Facility of the IDA18 IFC-MIGA Private Sector Window, created by the Word Bank Group to catalyze private sector investment in International Development Association countries, with a focus on fragile and conflict-affected states.

More information on International Development Association countries can be found at: http://ida.worldbank.org/

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

 IFC proposes an equity investment of up to US$8 million, not to exceed 20% of total committed capital. IFC, acting as Implementing Entity of the IDA PSW BFF, will co-invest up to US$5 million in equity alongside IFC, not to exceed 20% of the Fund’s total capital commitments.        

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

The Fund will be managed by Capria Manager LLC, a Washington State limited liability company that contracts with Capria Ventures LLC, a global impact investment firm founded in 2012 to develop scaled and profitable risk capital funds in emerging markets. The Capria team is led by Dave Richards, Will Poole, Daniel Kranzler, and Jack Knellinger.      


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Capria Ventures 
Will Poole 
Managing Partner 
+1 425 443 3123 
willp@capria.vc 

www.Capria.vc 

 

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/

How it works

How it works