PROJECT

Projects

Summary of Investment Information

Project Number

40665

Company Name

CLEARWATER CAPITAL PARTNERS ESG I LTD

Date SPI Disclosed

Jan 17, 2018

Country

East Asia and Pacific Region

Region

East Asia and the Pacific

Projected Board Date

Feb 28, 2018

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Aug 3, 2018

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Mar 23, 2018
Signed : Mar 28, 2018
Invested : Aug 1, 2018

Sector

Distressed Assets SPV

Project Description

 The Project consists of an IFC investment, under IFC Distressed Asset Recovery Program (DARP), of up to US$75 million to invest in distressed and special situations assets of companies operating in emerging markets in Asia including China, India, Indonesia, Philippines, Thailand, and Vietnam. 

For this purpose, IFC will co-invest with a fifth-generation fund formed by Clearwater Capital Partners (“Fund V”) in a special purpose vehicle ("DARP SPV CW2" or the “SPV”) dedicated exclusively to such distressed and special situations assets. Clearwater Capital Partners, LLC will manage the assets under the SPV.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation