PROJECT

Projects

Summary of Investment Information

Project Number

48223

Company Name

SHOREVEST CAPITAL PARTNERS LIMITED

Date SPI Disclosed

Oct 12, 2023

Country

China

Region

East Asia and the Pacific

Projected Board Date

Nov 17, 2023

Environmental Category

FI-2 - Limited

Status

Pending Approval

Last Updated Date

Oct 13, 2023

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Sector

Distressed Assets SPV

Project Description

The proposed project entails IFC’s investment in a co-investment vehicle (DARP SPV) to be established with ShoreVest Capital Partners Ltd. (ShoreVest or the Company), an established private asset manager investing in both distressed assets and special situations in China. The DARP SPV will be managed by ShoreVest with an investment period of up to three years. The DARP SPV will focus on investment and resolution of non-performing loan (NPL) portfolios in China, with primary focus on portfolios comprising of SME loans and in frontier regions (the Project).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation