Apis Growth Markets Fund III SCSp

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 IFC is considering an investment of up to $60 million into Apis Growth Markets Fund III SCSp (the “Fund” or “AGF III”), a $500 million private equity fund making growth-stage investments in companies operating at the intersection of financial services and technology in South Asia, Southeast Asia and Africa. The Fund is established and registered as a special limited partnership (SCSp) in Luxembourg, pursuant to the laws of Luxembourg.The Fund will seek to take significant minority stakes, or in some cases majority stakes, via $60-70 million tickets (including co-investments), in companies that typically have strong performance, market positioning, growth prospects, potential for expansion, and high-quality management backed by shareholders that are aligned to the Fund’s objectives. The Fund will seek to make 10-15 investments, focusing on companies operating at the intersection of financial services and technology.