Navegar Fund II
USD 150 m (target)
Fund size
USD 15 m
SIFEM investment
2019
Year
Region: Philippines
Sector: Generalist
Financial instrument: Private Equity Fund
Financial intermediary: Navegar
With a population of over 105 million, the Philippines remains an underdeveloped country with significant hurdles to broad economic prosperity and job creation. While the poverty rate has fallen in recent years, more than 20 per cent of the population is still living below the national poverty line. SIFEM’s investment will contribute to economic and social development by creating more and better jobs in the country. The investment will also help broaden the country’s tax base.