IFC focused on development of PE in emerging markets, seeks to back new fund managers

Asia  – East Asia Pacific and South Asia together – accounts for the largest exposure in International Finance Corp’s funds portfolio. The private sector investment arm of the World Bank is focused on the development of the private equity asset class in emerging markets, and is actively seeking to encourage the creation of new fund managers, Ralph Keitel, principal investment officer and regional lead, East Asia and Pacific, private equity funds at IFC, said in an interaction.