PROJECT

Projects

Summary of Proposed Investment

Project Number

28573

Company Name

ARGAN INFRASTRUCTURE FUND, LLC, PCC

Date SPI Disclosed

Jul 14, 2009

Country

Middle East, Pakistan, and Afg Region

Industry

Financial Markets

Projected Board Date

Sep 25, 2009

Status

Active

Sector

Private Equity/Venture Cap Fund - Regional

Department

Regional Industry - INF Africa

Environmental Category

FI

Previous Events

Approved : Dec 9, 2009
Signed : Dec 28, 2009
Invested : Oct 25, 2010

Project Description

The proposal is to make an equity commitment of up to €8 million, not to exceed 20% of total commitments in the Argan Infrastructure Fund, a private equity fund which will make equity and equity-related investments in infrastructure projects located primarily in North Africa and West Africa (collectively, the “Region”), and opportunistically in other counties of Sub-Sahara Africa. The Fund will be managed by Infra Invest (the “Manager”), a subsidiary of Argan Invest (“Argan”), a fund management company based in Casablanca, Morocco.

Sponsor / Cost / Location

Development Impact