IFC Commits $40M To Pan Africa Private Equity Fund

Jun 27 2008 | 10:41am ET

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.

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