PROJECT

Projects

Summary of Investment Information

Project Number

45508

Company Name

ANCHORLESS PARTNERS LLC

Date SPI Disclosed

Feb 23, 2022

Country

Bangladesh

Region

South Asia

Projected Board Date

Nov 8, 2021

Environmental Category

FI-2 - Limited

Status

Pending Signing

Last Updated Date

Jun 11, 2022

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Apr 4, 2017

Sector

Other Non-Private Equity Fund

Additional Project Attributes

Blended Finance

Project Description

 IFC is considering an investment of US$1.5 million through IFC Startup Catalyst, as well as a US$1.5 million International Development Association Private Sector Window Blended Finance Facility (“IDA PSW BFF”) investment into Anchorless Fund, LP (the “Fund”), an early-stage VC fund focused on seed stage investments in technology companies in Bangladesh. The fund will be managed by Anchorless Management, LLC (the “Manager”). Rahat Ahmed and Daniel McMurtrie are the two key partners who will be managing the Fund.

Associated Advisory Engagement

There are no Advisory Services engagements associated with this Project

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation