MicrVest II, LP

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In partnership with JP Morgan, IFC proposes to invest in MicroVest II, LP (MV II or the Fund) a $70 million equity fund for microfinance. MV II is a dedicated equity fund building off the track record of Microvest I, LP a microfinance debt fund launched in 2004 with a portfolio of 25 MFIs operating in 14 countries and two regional facilities totaling $36 million. MV II is a seven (7) year fund which will provide needed equity capital for a growing class of 20-30 Tier I MFIs operating globally, 2/3 of which are expected to be in IDA countries. MV II projects to reach up to 16 million borrowers over the life the project. IFC’s proposed investment consists of a $10 million investment (representing 14% of the total size) in MV II. The project will be executed in close collaboration with the Private Equity & Investment Funds Department. The project will be structured and arranged by JP Morgan’s Social Sector Finance Group and managed by MicroVest Capital Management, LLC a leading fund manager in microfinance.