IFC Financial Institutions Growth Fund

The Financial Institutions Growth Fund invests in financial institutions (commercial banks,  insurance companies, and other non-bank financial institutions) across global emerging markets

Fund facts

  • Size (US):

    $505 million
  • Vintage Year:

    2015
  • Sector:

    Financial Institutions
  • Region:

    Global Emerging Markets

The Financial Institutions Growth Fund invests in financial institutions (commercial banks,  insurance companies, and other non-bank financial institutions) across global emerging markets

Fund Family: 
show on page: 
Yes
Size: 
$505 million
Region: 
Global Emerging Markets
Sectors: 
Financial Institutions
Vintage Year: 
2015
Back Ground Image: 

Fund team

Jun Nitta

Head

Jun Nitta

Head, Financial Institutions Group Funds

Jun joined AMC in 2010 as a Senior Investment Manager with the IFC Capitalization Fund. Previously, Jun was a Vice President in the Investment Banking Division at JPMorgan in Tokyo and an Investment Officer in the Financial Institutions Group of IFC. Jun also worked in the Investment Banking Division at Deutsche Bank and at the Bank of Tokyo-Mitsubishi UFJ.  Jun is based in AMC's Singapore office.

 

Jun holds a BA in Political Science from Waseda University and an MBA from the Wharton School, University of Pennsylvania. 

Ioannis Mergos

Senior Investment Manager

Ioannis Mergos

Senior Investment Manager, Financial Institutions Group Funds

Ioannis joined AMC in 2013 as part of the IFC Capitalization Fund team. Prior to joining AMC, Ioannis was a Strategy Manager for GlaxoSmithKline, and a management consultant with The Boston Consulting Group.

 

Ioannis holds a BSc in Economic Theory from the Athens University of Economics and Business, an MBA from INSEAD, and an MPhil in Economics from the University of Oxford. 

Yuqing  Tan

Senior Investment Manager

Yuqing  Tan

Senior Investment Manager, Financial Institutions Group Funds

Kenta Nakahira

Investment Manager

Kenta Nakahira

Investment Manager, Financial Institutions Group Funds

Kenta joined IFC as part of the Young Professionals Program in 2018 and worked for the Infrastructure Department, where he focused on equity investments.  Prior to IFC, Kenta was an Associate in the Principal Investment Group at the Development Bank of Japan (“DBJ”) and DBJ Investment Advisory, an in-house private equity fund, managed by external recruits on a commercial basis.  He started his career as an investment banking Analyst in the M&A Advisory Group at Barclays Capital. 

 

Kenta holds a BA in Economics from Keio University and an MBA from the Wharton School, University of Pennsylvania. 

Min Toh

Investment Manager

Min Toh

Investment Manager, Financial Institutions Group Funds

Min joined AMC in Apr 2023 from IFC, where her career spanned across the Financial Institutions Group and Trade Finance departments. Her most recent role was under the Banking on Women team as the Investment Lead of the Women Entrepreneurs Opportunity Facility, a joint initiative with Goldman Sachs. Previously, Min held various positions within Citibank Singapore, including as a Treasury and Assets/Liabilities Product Manager.

 

Min holds an MA in International Economics from the Johns Hopkins University Paul H. Nitze School of Advanced International Studies (SAIS) and a bachelor’s in environmental engineering (Hons) from the National University of Singapore.

Andreea Militaru

Associate

Andreea Militaru

Associate, Financial Institutions Group Funds

Andreea Militaru joined AMC in October 2016. Prior to joining AMC, Andreea worked as an analyst in IFC’s PPP Transaction Advisory team working with governments in Africa and Eastern Europe to develop infrastructure though Public-Private Partnerships. Andreea began her career at the World Bank Private Participation in Infrastructure Database where she focused on infrastructure investment trends in Eastern Europe and Central & Southern Asia.

 

Andreea holds a B.S in Economics (Honors) from Towson University and an M.A. in Economics from George Mason University. She is a CFA level II candidate.

Babita Shreshta

Senior Program Assistant

Babita Shreshta

Senior Program Assistant, Financial Institutions Group Funds

Babita joined AMC in January 2011. Babita joined IFC in April 1995 where she worked at the front office of the Sub-Saharan Africa department. In December 1995 she moved to the Central Asia, Middle East and North Africa department and from there to the Southern Europe & Central Asia (SECA) Department. During this time she provided assistance to the Directors office and was the back-up for the SECA HR Officer. In July 2002, Babita moved to Global Financial Markets where she provided administrative and secretarial support to the Associate Director, Global Financial Markets-Portfolio & Equity Team.

 

Babita holds a degree in Intermediate of Arts and Psychology.

Portfolio

Investment Sector Country Status Investment Date
Adumo FinTech South Africa Current February, 2021
Altus Regional Partnership Specialized Finance Philippines, Thailand, Indonesia, Vietnam Current October, 2018
Bandhan Bank Banking India Current April, 2016
Commercial Bank of Ceylon PLC Banking Sri Lanka Current October, 2020
Consorcio Insurance Chile Current May, 2016
Equity Group Holdings Banking Kenya Current April, 2022
Federal Bank Limited Banking India Current July, 2021
HDBank Banking Vietnam Current December, 2021
Net1 FinTech South Africa Current April, 2016
Odeabank Banking Turkey Current June, 2016
PVI Holdings Insurance Vietnam Current July, 2021
Voyager Innovations FinTech Philippines Current June, 2021

Company

Sector

FinTech

Country

South Africa

Status

Current

Investment Date

February, 2021

Sector

Specialized Finance

Country

Philippines, Thailand, Indonesia, Vietnam

Status

Current

Investment Date

October, 2018

Sector

Banking

Country

India

Status

Current

Investment Date

April, 2016

Sector

Banking

Country

Sri Lanka

Status

Current

Investment Date

October, 2020

Sector

Insurance

Country

Chile

Status

Current

Investment Date

May, 2016

Sector

Banking

Country

Kenya

Status

Current

Investment Date

April, 2022

Sector

Banking

Country

India

Status

Current

Investment Date

July, 2021

Sector

Banking

Country

Vietnam

Status

Current

Investment Date

December, 2021

Sector

FinTech

Country

South Africa

Status

Current

Investment Date

April, 2016

Sector

Banking

Country

Turkey

Status

Current

Investment Date

June, 2016

Sector

Insurance

Country

Vietnam

Status

Current

Investment Date

July, 2021

Sector

FinTech

Country

Philippines

Status

Current

Investment Date

June, 2021