📋 Tender Overview
Project Number
49938
Company Name
DARP NPL Arena
Date SPI Disclosed
Mar 26, 2025
Country
East Asia and Pacific Region
Region
East Asia and the Pacific
Projected Board Date
May 30, 2025
Environmental Category
FI-2
Status
Pending Approval
Last Updated Date
Department
NonBanking & Alternative Finance
Industry
Financial Institutions
Sector
Distressed Assets SPV
Project Description
The proposed project entails IFC’s investment in a co-investment vehicle (DARP SPV) to be established by Arena Investors, LP (Arena). The DARP SPV will invest in asset-backed credit portfolios, as well as distressed and special situations opportunities across eligible emerging countries in Asia. The total capitalization of the DARP SPV is up to US$200 million, consisting of: (i) IFC’s investment of up to US$100 million in the form of a senior secured profit participating loan and (ii) up to US$100 million investment in the equity tranche to be invested by Arena and other funds raised and managed by Arena.
