IFC Middle East and North Africa Fund

IFC Middle East and North Africa Fund makes equity and equity-related investments in companies across the MENA region

Fund facts

  • Size (US):

    $162.4 million
  • Vintage Year:

    2015
  • Sector:

    Multi-sector
  • Region:

    Middle East North Africa

Fund team

Adam Sack

Head and Chief Investment Officer

Adam Sack

Head and Chief Investment Officer, IFC Middle East and North Africa Fund

Adam is Head of the IFC Middle East and North Africa Fund and Chief Investment Officer in the IFC Emerging Asia Fund.  He serves as a member of the Investment Committee of the IFC Middle East and North Africa Fund. He serves as a member of the board of directors of multiple portfolio companies. 

 

Adam has three decades of investing, operating and leadership experience spanning countries in the MENA region and Asia.  Adam has dedicated more than twenty years at IFC where he was Country Manager for Sri Lanka and Maldives, managing operations in Indonesia, and oversaw IFC’s advisory programs for the Mekong region.  He kick-started his career at J.P. Morgan in London, concentrating on M&A and structured finance, and later co-founded a European private equity fund. 

 

He holds an MSc in Development Studies and a BA in Philosophy, Politics, and Economics from Oxford University.  

Andreea Militaru

Associate

Andreea Militaru

Associate, IFC Middle East and North Africa Fund

Andreea is a member of the IFC Middle East and North Africa Fund, the IFC Financial Institutions Growth Fund, and the IFC Global Infrastructure Fund.

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.

Chau Pham

Senior Program Assistant

Chau Pham

Senior Program Assistant, IFC Middle East and North Africa 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
Apex International Energy Oil & Gas Egypt, Arab Republic of Current November, 2017
Integrated Diagnostics Holding Healthcare Egypt, Arab Republic of Current June, 2021
Network International FinTech United Arab Emirates Exited November, 2016
Souq.com E-Commerce United Arab Emirates Exited November, 2015
Yellow Door Energy Renewable Distributed Generation Middle East & North Africa Exited March, 2019

Company

Sector

Oil & Gas

Country

Egypt, Arab Republic of

Status

Current

Investment Date

November, 2017

Sector

Healthcare

Country

Egypt, Arab Republic of

Status

Current

Investment Date

June, 2021

Sector

FinTech

Country

United Arab Emirates

Status

Exited

Investment Date

November, 2016

Sector

E-Commerce

Country

United Arab Emirates

Status

Exited

Investment Date

November, 2015

Sector

Renewable Distributed Generation

Country

Middle East & North Africa

Status

Exited

Investment Date

March, 2019