IFC African, Latin American and Caribbean Fund

ALAC is a sector agnostic fund that makes equity and equity-related investments in companies across Sub-Saharan Africa, Latin America and the Caribbean

Fund facts

  • Size (US):

    $1 billion
  • Vintage Year:

    2010
  • Sector:

    All IFC sectors
  • Region:

    Sub-Saharan Africa, Latin America & Caribbean

ALAC is a sector agnostic fund that makes equity and equity-related investments in companies across Sub-Saharan Africa, Latin America and the Caribbean

Investment Approach: 
ALAC Fund
Fund Family: 
show on page: 
Yes
Size: 
$1 billion
Region: 
Sub-Saharan Africa, Latin America & Caribbean
Sectors: 
All IFC sectors
Vintage Year: 
2010
Back Ground Image: 

Fund team

Selena Baxa

Head

Selena Baxa

Head, IFC African, Latin American & Caribbean Fund

Selena joined AMC in 2011 after 11 years at IFC, where she was an Investment Officer in both the East Asia Department and the Global Financial Markets Department, and a Senior Strategy Officer in the Corporate Strategy Department. Prior to joining IFC, Selena was Associate Director in the M&A Department of Credit Agricole Indosuez in Paris and a Vice President of Project Finance at the same company in Singapore.

 

Selena holds a BBA from the National University of Singapore.

Mohsin Sohani

Senior Investment Manager

Mohsin Sohani

Senior Investment Manager, IFC African, Latin American & Caribbean Fund

Prior to joining AMC in 2013, Mohsin was an Associate at HIP Consult, a boutique strategy and management consulting firm where he advised clients in emerging markets on large infrastructure investments and project management. Previously, he was an analyst at NERA Economic Consulting (Oliver Wyman Group).

 

Mohsin holds a BSc in Industrial Engineering from the Georgia Institute of Technology, an MA in Applied Economics from Johns Hopkins, and an MBA from Goizueta Business School at Emory University.

Elena Iannaccone

Investment Manager

Elena Iannaccone

Investment Manager, IFC African, Latin American & Caribbean Fund

Most recently, Elena was a VP at Blackstone, focused on integrating ESG and sustainable investing across the firm. Prior to Blackstone, she worked at Lion’s Head Global Partners, a boutique emerging markets investment bank focused on innovative finance. At LHGP, she led product development and fundraising of Otundi Ventures, a Pan-African, tech-enabled VC Fund focused on underrepresented founders, and structured a $50 million financing facility for social enterprises, incorporating concessionary finance into a blended fund to syndicate commercial co-investments. Before her graduate studies, Elena was an Analyst at AMC and a member of the Legal team at the Carlyle Group.

 

Elena holds a dual-MPA in International Finance & Development Economics from Columbia University and the London School of Economics, and a BA in International Political Economy and French from Smith College.

Chau Pham

Senior Program Assistant

Chau Pham

Senior Program Assistant, IFC African, Latin American & Caribbean Fund

Chau joined AMC in September 2013 as a Program Assistant with the IFC Global Infrastructure Fund. In January 2016, she joined the Client Relations team at AMC. Prior to joining AMC, Chau was a Program Assistant in IFC’s Independent Evaluation Group (IEG) in Washington, DC. She has previously worked as a Market Research Analyst in the Investor Relations Department at Freddie Mac (Federal Home Loan Mortgage Corporation) in McLean, Virginia.

 

Chau holds a BA in Political Science from the University of California in Irvine, California and an MA in International Affairs from American University in Washington, DC.

Portfolio

Investment Sector Country Status Investment Date
AfferoLab Education Brazil Exited June, 2015
Africa Railways Limited Transportation Kenya/Uganda Exited September, 2011
Armajaro Trading Group Limited Agribusiness Africa & Latin America Exited May, 2012
Azonto Petroleum (formerly Rialto Energy Ltd.) Oil & Gas Cote d'Ivoire Exited March, 2012
Banco Itaú Colombia S.A. Banking Colombia Current March, 2014
Canopus Holding S.A. Housing Brazil Current September, 2012
Ecobank Transnational Inc. Banking Africa Exited June, 2010
Gran Tierra Energy Inc. (formerly PetroNova) Oil & Gas Colombia Exited September, 2012
Guaranty Trust Bank PLC Banking Nigeria Exited July, 2010
Guardian Holdings Ltd. Insurance Trinidad & Tobago Exited August, 2010
Helios Towers Africa Telecom Africa Current July, 2014
Hoteles City Express Real Estate Mexico Exited September, 2010
InterEnergy Holdings Power Dominican Republic Exited February, 2013
Laureate Education Inc. Education Global EM Exited December, 2012
Mainstream Renewable Power Africa Holdings/Lekela Renewable Energy Africa Current June, 2016
Medanito S.A. Oil & Gas Argentina Exited July, 2011
National Cement Company Limited Cement Kenya Exited June, 2014
NEOGas do Brasil Gas Natural Comprimido S.A. Oil & Gas Brazil Exited August, 2013
Net1 FinTech South Africa Current April, 2016
Pacific Infrastructure Ventures, Inc. Transportation Colombia Exited July, 2013
Persianas Limited Real Estate Nigeria Current June, 2012
Saham Finances Insurance Africa Exited January, 2012
Scancem International Cement Africa Exited June, 2010
Seven Energy International Limited Oil & Gas Nigeria Exited April, 2014
Sura Asset Management Pension Colombia Exited January, 2012

Company

Sector

Education

Country

Brazil

Status

Exited

Investment Date

June, 2015

Sector

Transportation

Country

Kenya/Uganda

Status

Exited

Investment Date

September, 2011

Sector

Agribusiness

Country

Africa & Latin America

Status

Exited

Investment Date

May, 2012

Sector

Oil & Gas

Country

Cote d'Ivoire

Status

Exited

Investment Date

March, 2012

Sector

Banking

Country

Colombia

Status

Current

Investment Date

March, 2014

Sector

Housing

Country

Brazil

Status

Current

Investment Date

September, 2012

Sector

Banking

Country

Africa

Status

Exited

Investment Date

June, 2010

Sector

Oil & Gas

Country

Colombia

Status

Exited

Investment Date

September, 2012

Sector

Banking

Country

Nigeria

Status

Exited

Investment Date

July, 2010

Sector

Insurance

Country

Trinidad & Tobago

Status

Exited

Investment Date

August, 2010

Sector

Telecom

Country

Africa

Status

Current

Investment Date

July, 2014

Sector

Real Estate

Country

Mexico

Status

Exited

Investment Date

September, 2010

Sector

Power

Country

Dominican Republic

Status

Exited

Investment Date

February, 2013

Sector

Education

Country

Global EM

Status

Exited

Investment Date

December, 2012

Sector

Renewable Energy

Country

Africa

Status

Current

Investment Date

June, 2016

Sector

Oil & Gas

Country

Argentina

Status

Exited

Investment Date

July, 2011

Sector

Cement

Country

Kenya

Status

Exited

Investment Date

June, 2014

Sector

Oil & Gas

Country

Brazil

Status

Exited

Investment Date

August, 2013

Sector

FinTech

Country

South Africa

Status

Current

Investment Date

April, 2016

Sector

Transportation

Country

Colombia

Status

Exited

Investment Date

July, 2013

Sector

Real Estate

Country

Nigeria

Status

Current

Investment Date

June, 2012

Sector

Insurance

Country

Africa

Status

Exited

Investment Date

January, 2012

Sector

Cement

Country

Africa

Status

Exited

Investment Date

June, 2010

Sector

Oil & Gas

Country

Nigeria

Status

Exited

Investment Date

April, 2014

Sector

Pension

Country

Colombia

Status

Exited

Investment Date

January, 2012