PROJECT

Projects

Summary of Investment Information

Project Number

48772

Company Name

Highland Central Asia Fund II

Date SPI Disclosed

May 7, 2025

Country

Central Asia and Turkiye Region

Region

Central Asia and Turkiye

Projected Board Date

Jun 10, 2025

Environmental Category

FI-2 - Limited

Status

Pending Signing

Last Updated Date

Jun 6, 2025

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Jul 17, 2017

Sector

Small Business Fund

Project Description

   The proposed transaction is an equity investment of up to US$10 million to Highland Central Asia Fund II L.P. (“Highland II” or the “Fund”). The Fund is a closed-end private equity (PE) fund to be domiciled in Guernsey with a target size of US$50 million. Highland II will target Small and Medium Enterprises (“SMEs”) as well as lower mid-market companies in Uzbekistan and the Kyrgyz Republic.     

Associated Advisory Engagement

   IFC's Advisory Engagement will be delivered through capacity building at the Fund’s SME investee companies as well as any necessary support at the Fund Manager level. 

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation