PROJECT

Projects

Summary of Investment Information

Project Number

48240

Company Name

EMSO PRIVATE CREDIT 3 ILP

Date SPI Disclosed

Sep 28, 2023

Country

World Region

Region

Global

Projected Board Date

Oct 30, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Feb 11, 2024

Department

WBG Prosperity

Industry

Funds

Previous Events

Approved : Dec 13, 2023
Signed : Dec 22, 2023
Invested : Feb 9, 2024

Sector

Other Non-Private Equity Fund

Project Description

Emso Private Credit Fund 3 (the “Fund”) is managed by Emso Asset Management Limited (“Emso” or the “Fund Manager”) and focuses on building scalable asset-backed lending platforms in Latin America, CEEMEA, and India. The primary beneficiaries of the Fund are consumers, and MSMEs in need of financing for productive assets, including manufacturing equipment, medical equipment and mobility solutions. The proposed Project involves investing up to US$40 million into the Fund (in two equal tranches), capped at 20% of the Fund size and subject to IFC not being the largest investor. The IFC will invest alongside institutional investors including North American and European pension plans.                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation