📋 Tender Overview
Project Number: 49560
Company Name: Orion Secured Direct Lending Fund III, LP
Date SPI Disclosed: Aug 17, 2024
Country: Singapore
Region: East Asia and the Pacific
Projected Board Date: Sep 30, 2024
Environmental Category: FI-2
Status: Pending Approval
Department: Regional Industry - FIG Asia & Pac
Industry: Funds
Sector: Other Non-Private Equity Fund
Project Description
The proposed Project entails an equity investment of up to US$65 million for IFC’s own account in DFP, Orion Secured Direct Lending Fund III (B) LP ( Fund ) which has a target fund size of US$400-500 million. The Fund is managed by Orion Credit Capital Asia Pte. Ltd ( Orion ), a licensed investment manager in Singapore. The Fund will provide senior secured loans to small to mid-market companies across Asia-Pacific ( APAC ) to support sustainable financing. Key markets would include India and Southeast Asia ( SEA ).
Total Project Cost and amount and nature of IFC's Investment: The proposed Project entails an equity investment of up to US$65 million for IFC’s own account in a target US$400-500 million Fund.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington, DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
