International Finance Corporation
International Finance Corporation (IFC), established in 1956, is a member of the World Bank Group dedicated to fostering private sector development in emerging markets. Headquartered in Washington, D.C., with global offices, IFC provides financial and advisory services to support economic activities across various sectors such as infrastructure, agriculture, manufacturing, and financial services. It invests in both direct equity and debt, as well as fund investments, with a focus on projects that promote sustainable development and inclusive growth. IFC's investment range typically spans from $1 million to $100 million, with a minority equity stake, often up to 20%. It also offers debt financing, with loan sizes up to 25% of total project costs or 50% for expansion projects. IFC's portfolio includes a mix of asset-backed securities, corporate debt securities, government obligations, equity investments, and derivative assets. It aims to exit investments through domestic stock markets, arrangements with project sponsors, or public listings within 7 to 15 years.
Sierra Rutile
Venture Round in 2019
Sierra Rutile is a prominent mineral sands company based in Sierra Leone, specializing in the extraction and production of rutile, zircon, and ilmenite. The company operates several mines across the Bonthe and Moyamba districts in southern Sierra Leone, focusing on expanding its core rutile production significantly. Sierra Rutile's flagship asset features one of the largest natural rutile deposits globally, with a resource exceeding 600 million tonnes. The company produces various grades of rutile, including Standard Grade Rutile and Industrial Grade Rutile, along with high-grade ilmenite and zircon-in-concentrate. Its products are utilized in various industries, including pigments, metal, and welding. A significant portion of Sierra Rutile's revenue comes from markets in Asia, with additional contributions from Europe, America, Africa, and the Middle East.
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