IFC plans $273m Southeast Asia distress JV
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a partnership with Philippines-based Altus Capital to invest up to $272.5 million in distressed assets in Southeast Asia.
IFC will commit up to $65 million to the project, called Altus Regional Facility (AltusRF), comprising $15 million from its own account and $25 million each from the IFC Emerging Asia Fund and the IFC...
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