IFC approves $100m Cerberus Capital commitment

The World Bank Group's member organisation has backed a Latin America focused special situations vehicle.

Institution: International Finance Corporation
Headquarters: Washington, DC
AUM: $56.63 billion

International Finance Corporation has committed $100 million to Cerberus Emerging Market Special Situations Fund. The vehicle is managed by Cerberus Capital Management, and will invest in credit opportunities in different asset types such as NPL pools, senior and subordinated debt lending for real estate backed transactions and corporate credits, in Latin America and Caribbean.

As illustrated below, IFC’s recent private debt commitments have predominantly targeted Asia-Pacific, Latin America and Middle East/Africa funds.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.