Genesis Fund II (IFC-41372)

  • 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
Bank Risk Rating
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
Jun 29, 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.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 600.00 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 Jan 10, 2020

Disclosed by Bank May 30, 2018

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

Genesis Capital II, LP (“Fund II” or the “Fund”) is a China-focused growth stage technology private equity fund. The Fund will invest in companies utilizing information technology to improve the overall efficiency of various industries, including:

(a) E-Commerce,

(b) Business-to-Business Platforms and Enterprise Services,

(c) Education,

(d) Healthcare, and

(e) Logistics.

The Fund will invest primarily in businesses in China.

People Affected By This Project

a. Through its investments, the Fund will help support the transition of the Chinese economy from a manufacturing to an increasingly innovation and technology driven one. The Fund will support the use of advanced information technology to improve efficiencies of the traditional industries such as retail, enterprise services, logistics/transportation, healthcare, and education.
b. Knowledge transfer and sharing of best practices: The Fund is expected to provide strong and comprehensive support through its board positions on portfolio companies to develop and improve their environmental and social practices and level of corporate governance.

Investment Description

The General Partner of the Fund is Genesis Capital II Ltd. The Fund is headed by Mr. Richard Peng and Mr. Kurt Xu.  

Fund II is targeting to raise US$600 million. IFC, together with its Asset Management Company, is considering an equity investment in Fund II, not to exceed 20% of the total commitments.     


Financial Intermediary
Financial Intermediary: A commercial 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

The General Partner of the Genesis Capital II, LP is Genesis Capital II Ltd. The Fund is headed by Mr. Richard Peng and Mr. Kurt Xu.

Contact Information

1/ The Project Contact

Genesis Capital 
Ryan Szeto 
+86 (10) 8440 0800 
16/E2, Tower A, Gateway Plaza, 18 Xiaguangli, East Third Ring North Road, Chaoyang District, Beijing, China 

2/ The IFC Contact

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384


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