According to the bank document, "the proposed investment is for up to US$16M in ACV Capital III L.P. (“ACV Fund III”, or “the Fund”).
The Fund will be managed by ACV Capital III G.P., an Indonesia-focused VC-fund manager led by three partners: Adrian Li, Pandu Sjahrir, and Michael Soerijadji.
The Fund will focus on the following verticals: eCommerce and Direct-to-Consumer (“D2C”), Logistics, Fintech, Edtech, Healthcare, and B2B SaaS".
"IFC is proposing up to US$16M in ACV Capital III L.P (“ACV Fund III” or “the Fund”), not to exceed 20% of total commitments".
ACV Fund III is a US$120M (target) Indonesia focused venture capital (VC) fund. The Fund will be managed by ACV Capital III G.P. (“ACV” or “the Manager”).
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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1/ Project Contact
ACV Capital III L.P.
Name: Adrian Li
Title: Managing Partner
2/ IFC Contact
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