PROJECT

Projects

Summary of Investment Information

Project Number

45315

Company Name

ALPHA JWC VENTURES III LP

Date SPI Disclosed

Apr 15, 2021

Country

Indonesia

Region

East Asia and the Pacific

Projected Board Date

May 28, 2021

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 21, 2023

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : May 28, 2021
Signed : Jun 28, 2021
Invested : Sep 23, 2021

Sector

Venture Capital Fund

Project Description

The proposed investment is for up to US$20M in Alpha JWC Ventures III, L.P. (“Alpha III”, or “the Fund”), subject to IFC not exceeding 10% of the Fund. Alpha III is a US$250M (target) Indonesia focused venture capital (VC) fund. It will be managed by Alpha JWC Management Ltd. (“Alpha JWC” or “the Manager”) and plans to target investments across seed to Series B rounds in various sectors including new consumer-oriented models and fintech, with opportunistic positioning in other sectors.  

Associated Advisory Engagement

Not applicable.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation