According to the bank document, "the proposed investment entails IFC’s investment in a special purchase vehicle (“DARP SPV”) to be set up together with Dinghui Equity Investment Management (Tianjin) Limited Company, and/or its affiliate (collectively “CDH”).
The proposed investment will primarily focus on the investment and resolution of non-performing SME portfolios (“NPL Portfolios”), the investment, greening, and resolution of distressed properties (“Single Assets”) in China, and the development of distressed asset market in frontier regions of China.
The DARP SPV will be registered in China. It is expected that 50% of the total capital of the DARP SPV will be invested in the assets in the frontier provinces in China, and all of its total capital will be used for (i) the investment and resolution of non-performing SME loans in China, and
(ii) the investment, greening, and resolution of distressed properties in China".
The total initial capitalization of the DARP SPV is up to US$250 million, comprised of the senior tranche of up to US$100 million, and equity tranche of up to US$150 million.
IFC will invest up to US$37.5 million in the senior tranche and up to US$12.5 million in the equity tranche of the DARP SPV, with total own account exposure of up to US$50 million.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||DINGHUI EQUITY INVESTMENTS MANAGEMENT (TIANJIN) LIMITED COMPANY||Undisclosed||-|
1/ The Project Contact
Dinghui Equity Investments Management (Tianjin) Limited Company
+86 10 8507 6998
25th floor, Fortune Financial Center, 5 Dongsanhuan Central Road, Chaoyang District, Beijing 100020, China
2/ The IFC Contact
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Washington DC 20433
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