The International Finance Corp., a member of the World Bank Group, is committing US$40 million to Aureos’ Pan Africa fund, a US$400 million private equity offering that will invest in medium-sized companies in Africa.
 
IFC is also making a $6 million loan to the management company.

Aureos, an emerging market shop, was established in 2001 as a joint venture between CDC Group, a U.K. government-owned fund of funds, and Norfund, the Norwegian Investment Fund for Developing Countries.