PROJECT

Projects

Summary of Investment Information

Project Number

44854

Company Name

DOLMA IMPACT FUND II

Date SPI Disclosed

Apr 17, 2024

Country

Nepal

Region

South Asia

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Sep 12, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jul 17, 2017
Signed : May 6, 2021
Invested : Jun 10, 2021

Sector

Small Business Fund

Additional Project Attributes

Blended Finance

Project Description

IFC proposes an equity investment of up to US$10 million in Dolma Impact Fund II (“Fund II” or “Fund”), subject to IFC’s aggregate commitment being not more than 20% of the Fund size, where US$5 million shall be from IFC’s own-account and remaining US$5 million, which shall be subordinated to IFC in a first loss structure, shall be from the Blended Finance Facility (“BFF”) of the IDA18 IFC-MIGA Private Sector Window (“IDA PSW”), created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states.

The Fund is looking to raise US$75 million in investments across various sectors in Nepal. The investment is being processed under the SME-ventures delegated authority framework.

Associated Advisory Engagement

SME Ventures advisory proposes to support the Fund with technical assistance including: i) GP Capacity Building, ii) Pre-investment pipeline support, and iii) Portfolio value addition and compliance

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation