IFC Emerging Asia Fund

IFC Emerging Asia Fund makes equity, equity-related and mezzanine investments across all sectors in the emerging markets of Asia

Fund facts

  • Size (US):

    $693 million
  • Vintage Year:

    2016
  • Sector:

    All IFC Sectors
  • Region:

    Emerging Asia

IFC Emerging Asia Fund makes equity, equity-related and mezzanine investments across all sectors in the emerging markets of Asia

Fund Family: 
show on page: 
Yes
Size: 
$693 million
Region: 
Emerging Asia
Sectors: 
All IFC Sectors
Vintage Year: 
2016
Back Ground Image: 

Fund team

Andrew Yee

Head

Andrew Yee

Head, IFC Emerging Asia Fund

Andrew joined AMC in December 2014. Prior to this, he spent seven years at Standard Chartered Bank’s Private Equity Business, first as Global Head of Infrastructure and then Global Co-Head of Energy Resources and Infrastructure.  He was also Co-CEO of the SCI Asia Fund. Andrew has more than twenty five years of experience including as Head of M&A at InterGen Asia and prior to that as Head of Power and Energy at Goldman Sachs Asia.

 

Andrew holds a Bachelor of Commerce degree in Accounting and a Bachelor of Law degree from the University of New South Wales in Australia.

Adam Sack

Principal

Adam Sack

Principal, IFC Emerging Asia Fund

Adam joined IFC in 2001 in Vietnam and has worked in Asia ever since, joining AMC in November 2015. He relocated to Singapore with AMC from Colombo, where he was the country manager for Sri Lanka and Maldives. From 2007 to 2011, Adam was the country manager for Indonesia and prior to that, he lived and worked in Vietnam and Cambodia running IFC's Advisory programs in the Mekong. Adam started his career at J.P. Morgan in London in M&A and structured finance, and left with two colleagues to start a European private equity fund in the early 1990s.

 

He has an MSc in development studies and a BA in philosophy, politics and economics from Oxford University.

Ali Gara

Investment Manager

Ali Gara

Investment Manager, IFC Emerging Asia Fund

Ali joined AMC in September 2015 after completing his MBA. Previously Ali worked as Advisor at BP Caspian and Director and Chief of Staff at the Central Bank of Azerbaijan.

 

Ali holds a BA (with honors) in Political Science from Boğaziçi University in Istanbul, an MBA from Stanford Graduate School of Business and an MA in Eurasian Studies from the School of Foreign Service at Georgetown University. 

Amira Berrada

Investment Manager

Amira Berrada

Investment Manager, IFC Emerging Asia Fund

Amira joined AMC in June 2016 as an Associate with the IFC Emerging Asia Fund team. Prior to joining AMC, Amira was an Assistant Vice President with Citigroup in New York, where she focused on emerging market private equity investments. Prior to joining Citigroup, Amira was at Export Development Canada, where she provided financing and advisory services for Canadian corporations expanding internationally.

 

Amira holds an MBA with distinction from Columbia Business School and the University of Hong Kong and a Bachelor of Commerce in Finance from Concordia University.

Yu Jin Oh

Investment Manager

Yu Jin Oh

Investment Manager, IFC Emerging Asia Fund

Yu Jin joined the IFC Emerging Asia Fund Team as an Associate in November 2017. He first joined AMC in December 2015 as an Investment Analyst, working across regions with the Financial Institution and Infrastructure Funds to assess potential investments and monitor portfolio companies. Prior to joining AMC, Yu Jin was an Analyst based in Singapore at Partners Group AG, where he focused on buyout and minority growth private equity transactions in the business and financial services sector. Prior to joining Partners Group, he worked at Standard Chartered Bank in Singapore, where he provided trade finance solutions to corporate clients.

 

Yu Jin holds a BBA with First Class Honors from National University of Singapore Business School. He is also a CFA charter holder.

Jainish Chhajed

Associate

Jainish Chhajed

Associate, IFC Emerging Asia Fund

Jainish began his career with IFC in 2016 with the MAS department (South Asia) based in Mumbai. He has interdisciplinary exposure across assurance, corporate finance and investment banking. Prior to IFC, Jainish was an investment banker at Macquarie where he focused raising capital for companies in infrastructure and consumer sectors. 

 

Jainish is a Chartered Accountant and graduated from University of Mumbai in 2014. He is also a CFA® Charter holder.

Lonika Atri

Program Assistant

Lonika Atri

Program Assistant, IFC Emerging Asia Fund

Lonika joined AMC in June 2016. Prior to joining AMC, Lonika was a Team Assistant with the IFC Infrastructure and Natural Resources Group in New Delhi, and with the Environment Corporate and Social Governance team. She has worked at IFC for the past six years. In her roles at IFC, she handled a mix of administrative and portfolio work. Prior to joining IFC, Lonika worked for American Airlines where she managed extensive client interactions linked to ground and security operations.

 

Lonika holds a BA in English from Delhi University.

Portfolio

Investment Sector Country Status Investment Date
ALBA Group Asia Limited Waste Management China Current December, 2020
Altus Regional Partnership Specialized Finance Philippines, Thailand, Indonesia, Vietnam Current September, 2018
Apollo Health & Lifestyle Limited Healthcare India Current November, 2016
Blackbuck (Zinka Logistics Solutions Private Limited) E-logistics India Current July, 2021
Cebu Air, Inc. Airlines Philippines Current May, 2021
Commercial Bank of Ceylon PLC Banking Sri Lanka Current October, 2020
Federal Bank Limited Banking India Current July, 2021
Provident Housing Limited Real Estate India Current December, 2020
PVI Holdings Insurance Vietnam Current August, 2021
Shwe Taung Cement Company Limited Building Materials Myanmar Current January, 2018
Summit Power International Limited Power Generation Bangladesh/Singapore Exited August, 2016
TATA 1MG Technologies Private Limited Digital Healthcare India Current May, 2021
upGrad Education Private Limited Education Technology India Current July, 2021
Voyager Innovations Digital Payments Philippines Current December, 2018

Company

Sector

Waste Management

Country

China

Status

Current

Investment Date

December, 2020

Sector

Specialized Finance

Country

Philippines, Thailand, Indonesia, Vietnam

Status

Current

Investment Date

September, 2018

Sector

Healthcare

Country

India

Status

Current

Investment Date

November, 2016

Sector

E-logistics

Country

India

Status

Current

Investment Date

July, 2021

Sector

Airlines

Country

Philippines

Status

Current

Investment Date

May, 2021

Sector

Banking

Country

Sri Lanka

Status

Current

Investment Date

October, 2020

Sector

Banking

Country

India

Status

Current

Investment Date

July, 2021

Sector

Real Estate

Country

India

Status

Current

Investment Date

December, 2020

Sector

Insurance

Country

Vietnam

Status

Current

Investment Date

August, 2021

Sector

Building Materials

Country

Myanmar

Status

Current

Investment Date

January, 2018

Sector

Power Generation

Country

Bangladesh/Singapore

Status

Exited

Investment Date

August, 2016

Sector

Digital Healthcare

Country

India

Status

Current

Investment Date

May, 2021

Sector

Education Technology

Country

India

Status

Current

Investment Date

July, 2021

Sector

Digital Payments

Country

Philippines

Status

Current

Investment Date

December, 2018