SME Ventures GP Institutionalization (IFC-606065)

Regions
  • Africa
Geographic location 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
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Investment Type(s)
Advisory Services, Fund
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 4, 2024

Disclosed by Bank Sep 15, 2021

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The SMEV GPI project will support the GP by providing resources and expertise to build capacities in fund management, team management, value creation, and exit preparedness. The SMEV advisory team will accomplish this project through two different components: fund manager capacity building and GP portfolio SMEs capacity building. The project will reinforce the core foundation skills and knowledge a GP should build from the beginning of its fun life and apply during the investment period. It will also support GPs to create a realistic and actionable approach to pipeline analysis and portfolio management.

People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

The SMEV GPI project is expected to achieve development impact for GPs operating in FCS, IDA, and frontier markets through enhanced access for their SME investments to risk capital, operational improvements, growth in revenues and profitability, and improved governance and E&S standards. IFC's advisory engagement will focus on improving the fund manager's operations, systems, and investment acumen by leveraging expertise and support on GP operations, suitable back-office systems, team capacity building, deal due diligence and structuring, portfolio performance, value addition, and exit strategies. The impact will be measured as the number of SMEs with revenue growth 5% above nominal GDP and number of SMEs reporting improved performance by exit.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

information no dissclosed


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

 

“No contacts available at the time of disclosure.”

 

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

How it works

How it works