PROJECT

Projects

Summary of Investment Information

Project Number

51767

Company Name

Alternative Investments VCC

Date SPI Disclosed

Apr 14, 2026

Country

Singapore

Region

East Asia and the Pacific

Projected Board Date

May 25, 2026

Environmental Category

FI-2 - Limited

Status

Pending Approval

Last Updated Date

Apr 24, 2026

Department

Regional Industry - FIG Asia & Pac

Industry

Funds

Sector

Other Non-Private Equity Fund

Project Description

The project is a senior debt investment of up-to US$25 million in an up-to US$50 million senior tranche to be issued by Helicap Income Opportunities Fund (HIOF or the Fund). Launched in 2019, HIOF is an open-ended private credit fund based in Singapore that provides senior secured loans to fintech-based FIs and digital lenders in Asia Pacific to support on-lending to MSMEs and micro borrowers.

Associated Advisory Engagement

IFC will support the Fund to further strengthen its responsible lending practices and to formalize its risk management framework. Specifically, IFC will support the Fund by i) assisting a select number of HIOF’s investees to enhance their respective mechanisms for tracking the use of proceeds by end-borrowers and ii) helping the Fund formalize its risk management framework.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation