IFC considering a $25m commitment to Quona fund
The IFC is considering an equity commitment of up to $25 million in Quona Accion Inclusion Fund III, a venture capital fund that seeks to make equity or equity-equivalent investments in early- and growth-stage companies that develop and/or provide products, services and technology to expand financial inclusion in emerging markets.
The fund is managed by Quona Capital Management Ltd., an exempted company incorporated in the Cayman Islands. The investment manager is 100% owned by Quona partners, who are primarily based in Washington, D.C., India and South Africa.
The fund will primarily make investments in Latin America, Southeast Asia, South Asia and Africa.
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