Navegar Fund II, L.P. (IFC-42102)

Countries
  • Philippines
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
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
NAVEGAR FUND II, 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)
$ 20.00 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 Sep 2, 2019

Disclosed by Bank Feb 25, 2019


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Project Description

According to IFC website, Navegar II L.P., a Cayman Islands exempted limited partnership, is a private equity fund seeking $150 million in capital commitments to build a port­folio of equity and equity-linked investments in middle market, growth-oriented companies in the Philippines. The expected development impact of the Fund includes:

(i) improved access to long-term, patient, risk capital for fund investees which should lead to

(ii) accelerated investee growth delivered via a deliberated approach from the General Partner through collaborating with management teams and providing hands-on financial, operations, strategic and governance guidance;

(iii) increased PE investment levels are expected to improve market competitiveness by small and mid-cap companies supported by good PE investors and

(iv) expanded access to institutional capital in the Philippines anticipated from new institutional and private investors.

People Affected By This Project

The expected development impact of the Fund includes (i) improved access to long-term, patient, risk capital for fund investees which should lead to (ii) accelerated investee growth delivered via a deliberated approach from the General Partner through collaborating with management teams and providing hands-on financial, operations, strategic and governance guidance; (iii) increased PE investment levels are expected to improve market competitiveness by small and mid-cap companies supported by good PE investors and (iv) expanded access to institutional capital in the Philippines anticipated from new institutional and private investors.

Investment Description
  • International Finance Corporation (IFC)
Financial Intermediary
Private Actors
Private Actors Description

 Navegar will be managed by Navegar GP Ltd. (“General Partner”). The General Partner is a partnership between local partners, Messrs. Honorio Poblador IV, Javier Infante, Rodel Manansala, Swedish national Patrik Brummer and Norwegian national Anders Stendebakken.    

Contact Information

Mr. Honorio Poblador, IV
Partner, Navegar GP Ltd.  
+63 2 808 4566
nori.poblador@navegar.com.ph
Makati Avenue, Makati City, Philippines 1226
http://navegar.com.ph/navegar-fund/

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/