IFC may invest up to $25m in Genbridge Capital’s China-focussed $500m fund

A Benjamin Franklin U.S. 100-dollar banknote and a Chinese 100-yuan banknote depicting the late Chinese Chairman Mao Zedong, are seen in a picture illustration in Beijing

Cayman Islands-based Genbridge Capital, which has two members of JD.com’s M&A group in its founding team, is likely to receive an investment of up to $25 million from International Finance Corporation for its maiden fund.

The private investment arm of World Bank will be a part of the $500 million China-focused investment fund GenBridge Capital Fund I L.P, said IFC in a disclosure.

In an SEC filing last year, Genbridge Capital had disclosed its intent to raise a $500 million maiden fund. The General Partner of the Fund is GenBridge Capital Fund I GP, Ltd. The Fund will be managed by GenBridge Capital Management Company, Ltd.  The Partners of the Fund are Messrs. Bin Chang, Hui Li and Xinzhao Zhang, it said.

The fund is targeted at investing in companies operating in consumer related sectors in China. It has already invested in one company which is a fresh food retailer in China, the name of which was not disclosed.

According to the IFC disclosure, the proposed pipeline of the fund consists of consumer goods distribution, retail and internet technology development.

IFC is expected to have a seat on the Fund’s Advisory Committee, and will be able to provide guidance on fund management. IFC further said it could provide additional funding through co-investment’s to the Fund’s portfolio or pipeline companies when these companies require additional capital.

Also Read:

Genbridge Capital to raise $500m for maiden China-focused VC fund

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.