IFC Capitalization (Equity) Fund

IFC Capitalization (Equity) Fund makes equity and equity-related investments in systemic banks in developing countries

Fund facts

  • Size (US):

    $1.275 billion
  • Vintage Year:

    2009
  • Sector:

    Banks
  • Region:

    Global Emerging Markets

IFC Capitalization (Equity) Fund makes equity and equity-related investments in systemic banks in developing countries

Fund Family: 
show on page: 
Yes
Size: 
$1.275 billion
Region: 
Global Emerging Markets
Sectors: 
Banks
Vintage Year: 
2009
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. 

Timothy M. Krause

Senior Advisor

Timothy M. Krause

Senior Advisor, Financial Institutions Group Funds

Prior to joining IFC, Tim was an international economist with the US Treasury Department. He has more than 25 years of experience investing in emerging markets and specializes in financial sector investments.

 

Tim is a Certified Public Accountant and holds a BBA from the University of Notre Dame, and an MA in International Economics from the Johns Hopkins School of Advanced International Studies.

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. 

Georges Sinclair Sakou

Senior Investment Manager

Georges Sinclair Sakou

Senior Investment Manager, IFC Middle East and North Africa Fund

Georges joined the IFC Middle East and North Africa Fund in April 2016 as an Investment Manager. Prior to joining AMC, Georges worked at IFC on infrastructure and TMT investments in Sub-Saharan Africa. Earlier in his career, Georges worked at CDCEntreprises (now BPiFrance) on their private equity team.

 

Georges holds an MBA from the Catholic University of Lille. 

Ke Qi  Zhang

Senior investment Manager

Ke Qi  Zhang

Senior investment Manager, Financial Institutions Group Funds

Ke Qi joined AMC in 2017 as a Senior Investment Manager with the Financial Institutions Group Funds.  Prior to joining AMC, Ke Qi was a Senior Corporate Development Manager at Allianz where she focused on investments and portfolio management in insurance businesses in Asia Pacific.   Previously, Ke Qi also worked in the Investment Banking Division at Lazard Singapore and HSBC New York.

 

Ke Qi holds a BSc in Operation Research from Fudan University and an MBA from The University of Chicago Booth School of Business.

Chongsi Bi

Investment Manager

Chongsi Bi

Investment Manager , Financial Institutions Group Funds

Chongsi returned to AMC in 2017 as part of the Financial Institutions Group Funds team after obtaining her MBA. Prior to joining the FIG Funds, Chongsi worked as an investment analyst at AMC. Previously, she was an investment banking associate in the Financial Institutions Group at J.P. Morgan.

 

Chongsi holds a BA in International Relations and Economics from Brown University and an MBA from the Wharton School, University of Pennsylvania.

Joe Nanda

Investment Manager

Joe Nanda

Investment Manager, IFC Global Infrastructure Fund

Joe joined AMC in June 2016 as an Investment Manager with the IFC Global Infrastructure Fund. Prior to joining AMC, he was a Senior Specialist at Deloitte Financial Advisory Services focusing on power and infrastructure in emerging markets. Joe also held previous roles as a Special Projects Manager at Cummins Power Generation and an Equity Research Analyst at JPMorgan Chase in San Francisco.

 

Joe holds a Bachelor of Arts in Mathematics and Economics from Pomona College, and an MBA from the Stanford Graduate School of Business.

Kenta Nakahira

Associate

Kenta Nakahira

Associate, 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. 

Babita Shreshta

Program Assistant

Babita Shreshta

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.

Priya Mishra

Program Assistant

Priya Mishra

Program Assistant, IFC Emerging Asia Fund

Priya joined AMC in September 2015. Prior to joining AMC, Priya was an Administrative Manager for Landmark Metal Recycling Pte Ltd based in Singapore. Her prior experience is predominantly in the hospital industry.

 

Priya holds an MSc in Marketing from the University of Wales, and a Bachelors of Business Administration from Les Roches International School of Hotel Management.

Portfolio

Investment Sector Country Status Investment Date
Ahli United Bank B.S.C. Banking Bahrain Exited March, 2011
Amen Bank S.A. Banking Tunisia Exited January, 2013
Banco Continental S.A.E.C.A. Banking Paraguay Exited March, 2009
Banco Financiera Comercial Hondureña, S.A. Banking Honduras Exited June, 2011
Bank Muscat SAOG Banking Oman Exited December, 2011
Bank of South Pacific Limited Banking Papua New Guinea Current June, 2010
Banque Centrale Populaire Banking Morocco Exited September, 2012
BDO Unibank, Inc Banking Philippines Exited April, 2010
Ecobank Transnational Inc. Banking Africa Exited June, 2010
Itau CorpBanca Banking Chile Current October, 2012
Komercijalna Banka Banking Serbia Exited December, 2009
NBS Bank Limited Banking Malawi Exited June, 2011
Rizal Commercial Banking Corporation Banking Philippines Current February, 2013
Vietnam Joint Stock Commercial Bank for Industry and Trade Banking Vietnam Exited January, 2011

Company

Sector

Banking

Country

Bahrain

Status

Exited

Investment Date

March, 2011

Sector

Banking

Country

Tunisia

Status

Exited

Investment Date

January, 2013

Sector

Banking

Country

Paraguay

Status

Exited

Investment Date

March, 2009

Sector

Banking

Country

Honduras

Status

Exited

Investment Date

June, 2011

Sector

Banking

Country

Oman

Status

Exited

Investment Date

December, 2011

Sector

Banking

Country

Papua New Guinea

Status

Current

Investment Date

June, 2010

Sector

Banking

Country

Morocco

Status

Exited

Investment Date

September, 2012

Sector

Banking

Country

Philippines

Status

Exited

Investment Date

April, 2010

Sector

Banking

Country

Africa

Status

Exited

Investment Date

June, 2010

Sector

Banking

Country

Chile

Status

Current

Investment Date

October, 2012

Sector

Banking

Country

Serbia

Status

Exited

Investment Date

December, 2009

Sector

Banking

Country

Malawi

Status

Exited

Investment Date

June, 2011

Sector

Banking

Country

Philippines

Status

Current

Investment Date

February, 2013

Sector

Banking

Country

Vietnam

Status

Exited

Investment Date

January, 2011