IFC launches $2B emerging markets fund, backed by $300M from Tokio Marine
What's the deal? The International Finance Corporation (IFC), a member of the World Bank GroupDealroom has a profile for this one. Try Dealroom →, has launched a new emerging markets fund targeting up to $2 billion in commitments. Tokio Marine HCCDealroom has a profile for this one. Try Dealroom → committed $100 million as a seed investor, part of a $300 million anchor commitment from Tokio Marine GroupDealroom has a profile for this one. Try Dealroom →. The fund, managed by BlueOrchard FinanceDealroom has a profile for this one. Try Dealroom →, held a $300 million first close.
The fund's details: The evergreen fund gives institutional investors — including pension funds and insurers — access to a diversified portfolio of IFC-originated loans across sectors and geographies. Investors can subscribe and redeem capital on an ongoing basis, subject to predefined redemption windows. The capital will finance private businesses in emerging and developing markets.
Why now? The fund builds on IFC's Managed Co-Lending Portfolio Program (MCPP), a syndications platform launched in 2013 with over $25.5 billion in capacity. Tokio Marine HCCDealroom has a profile for this one. Try Dealroom → joined the MCPP in 2020 through the MCPP FIG II facility.
What's the endgame? IFC aims to support sustainable and resilient economic growth in emerging and developing markets. Tokio Marine & Nichido Fire Insurance committed a further $200 million, taking the group's total anchor commitment to $300 million.
What they said: "This seed investment alongside TMNF builds on that experience and marks the next step in our longstanding relationship," said Jerome Swinscoe, president of HCC Credit GroupDealroom has a profile for this one. Try Dealroom →. Jonathan Lee, head of investments at Tokio Marine HCC, said the deal gives the firm "access to private credit opportunities across emerging markets."
The signal: Large insurers are increasingly channelling long-term capital into emerging-market private credit, drawn by diversification and development-aligned returns. By packaging IFC-originated loans into an evergreen structure, the fund offers a route for institutional money to flow into developing economies — at scale.
Read more: AP News
Image credit: mjlsha
