PROJECT

Projects

Summary of Investment Information

Project Number

46054

Company Name

MONASHEES FUND X LP

Date SPI Disclosed

Oct 20, 2021

Country

Latin America and the Caribbean Region

Region

Latin America and the Caribbean

Projected Board Date

Dec 2, 2021

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 21, 2023

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Dec 2, 2021
Signed : Dec 10, 2021
Invested : Jan 19, 2022

Sector

Venture Capital Fund

Project Description

 The proposed investment is an equity investment of up to US$20 million in Monashees Fund X, (MFX or the Fund), a Delaware domiciled fund focused on investing in early stage technology companies in Latin America. The fund is a Delaware Limited Partnership that is managed by Monashees Partners, X LP, a Brazilian-based fund manager, The IFC is also requesting a US$20 million delegated authority co-investment envelope.     

Associated Advisory Engagement

 There are no Advisory Engagements associated with this project at this stage.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation