Project Name Pending

active

Note on Disclosure: pursuant to paragraph 9 (d) of IFC’s Disclosure Policy, the disclosure of the Project Name and Company Name of IFC’s investment is being delayed because of risk of impacting market conditions. In due course, a revised SPI will be published containing all standard SPI information.IFC proposes to invest in Private Investment Fund (the “Fund”), a $100 million equity fund sponsored by U.S, Bank Holding Company. The Fund is a follow-on fund to a prior investment fund that is an IFC investee company. The Fund will invest in microfinance institutions (MFIs) and small business banks (SBBs) in Africa and Asia. The Fund will follow the same model of combining investment capital, governance and capacity-building services as the first fund, which entails value addition through the acquisition of minority equity stakes in financial institutions complemented by advisory services (“AS”) aimed at strengthening the Fund’s investees. The AS will be provided by an independent U.S.-based nonprofit organization.