PROJECT

Projects

Summary of Investment Information

Project Number

41287

Company Name

CAPRIA FUND LLC

Date SPI Disclosed

Jul 30, 2018

Country

World Region

Region

Global

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jan 13, 2019

Department

Equity Portfolio Management

Industry

other

Previous Events

Approved : Jul 17, 2017
Signed : Dec 14, 2018
Invested : Jan 11, 2019

Sector

other

Additional Project Attributes

Blended Finance

Project Description

 Capria Fund LLC, a Delaware series limited liability company (the “Fund”), is targeting a US$100 million fund to make (i) investments into fund management companies in emerging markets; (ii) commitments into emerging market investment funds as a limited partner; and (iii) direct investments into the entrepreneur-led local businesses invested into by selected fund managers.  The project will be additionally supported by the Blended Finance Facility of the IDA18 IFC-MIGA Private Sector Window (PSW), created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states.                                                  

Associated Advisory Engagement

IFC’s advisory engagement will focus on: i) supporting Capria’s expansion strategy where relevant for IDA/PSW and FCS markets; and ii) supporting Capria with up to US$500,000 of conditional grants to be applied to operating expenses for its first 3 years. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation