PROJECT

Projects

Summary of Investment Information

Project Number

49938

Company Name

DARP NPL Arena

Date SPI Disclosed

Mar 26, 2025

Country

East Asia and Pacific Region

Region

East Asia and the Pacific

Projected Board Date

May 30, 2025

Environmental Category

FI-2 - Limited

Status

Hold

Last Updated Date

May 29, 2026

Department

Products Clients and Innovation

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 by Arena Investors, LP (Arena). The DARP SPV will invest in asset-backed credit portfolios, as well as distressed and special situations opportunities across eligible emerging countries in Asia. The total capitalization of the DARP SPV is up to US$200 million, consisting of: (i) IFC’s investment of up to US$100 million in the form of a senior secured profit participating loan and (ii) up to US$100 million investment in the equity tranche to be invested by Arena and other funds raised and managed by Arena.                                                      

                                               

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation