Original disclosure @ IFC website
Updated in EWS Jun 23, 2021
Disclosed by Bank May 28, 2021
Can you contribute information about this project?
Contact the EWS Team
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|
|-||-||-||-||ACV CAPITAL||Parent Company||-|
|-||-||-||-||ACV Capital III G.P.||Client||-|
1/ Project Contact
ACV Capital III L.P.
Name: Adrian Li
Title: Managing Partner
2/ IFC Contact
General IFC Inquiries
2121 Pennsylvania Avenue, NW
Washington DC 20433
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries
If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.
ACCOUNTABILITY MECHANISM OF IFC/MIGA
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