📋 Tender Overview
Project Number: 48223
Company Name: SHOREVEST CAPITAL PARTNERS LIMITED
Date SPI Disclosed: Oct 12, 2023
Country: China
Region: East Asia and the Pacific
Projected Board Date: Nov 17, 2023
Environmental Category: FI-2
Status: Pending Approval
Department: Regional Industry - FIG Asia & Pac
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 with ShoreVest Capital Partners Ltd. (ShoreVest or the Company), an established private asset manager investing in both distressed assets and special situations in China. The DARP SPV will be managed by ShoreVest with an investment period of up to three years. The DARP SPV will focus on investment and resolution of non-performing loan (NPL) portfolios in China, with primary focus on portfolios comprising of SME loans and in frontier regions (the Project).
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
