PROJECT

Projects

Summary of Investment Information

Project Number

40197

Company Name

VPC INVESTOR FUND W, LP

Date SPI Disclosed

Sep 26, 2017

Country

World Region

Region

Global

Projected Board Date

Feb 21, 2018

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 21, 2023

Department

CDFFT - Disruptive Technologies and Funds/Fin Tech

Industry

Funds

Previous Events

Approved : Feb 21, 2018
Signed : Mar 6, 2018
Invested : Aug 3, 2018

Sector

Other Sector Fund

Project Description

  The proposed project involves IFC providing a Co-Investment Facility (the “Facility”) to be managed on IFC’s behalf by Victory Park Capital Advisors LLC (“VPC” or the “Firm”). VPC will use the Facility to provide senior secured debt to non-bank lenders in a number of emerging countries. The proceeds of the senior secured debt will be on-lent by the non-bank lenders to small business and individuals in the respective countries. By this Facility, IFC will be providing scarce debt capital for non-bank lenders that are quickly growing into an important source of financial inclusion in emerging markets.

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation