ESIP Learn Capital Coinvestment Fund

pending

The Summary of Investment Information is re-posted as per below to reflect the co-investment nature of this proposed investment with IFC’s existing investee fund Learn Capital Venture Partners III, L.P. (“Learn Capital Fund”, Project #32429 https://disclosures.ifc.org/#/projectDetail/SII/32429 )The SII will reflect IFC’s revised proposed investment of up to US$15 million in a co-investment vehicle (“IFC Co-investment Fund”), of which the first investment would be in Andela Inc.The project consists of an IFC equity investment of up to US$15 million in a co-investment vehicle (“IFC Co-investment Fund” or the “Project”) with IFC’s existing investee fund Learn Capital Fund. The purpose of the vehicle is for IFC to participate in co-investment opportunities with Learn Capital Fund on a selective basis.The first project consists of an equity investment of up to $500,000 in Andela Inc, an education start-up that recruits and trains local talents in Africa to become fully employable in the innovation economy through a New Economy Skills Training (NEST) curriculum.