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News Jul 18, 2014

Shearman & Sterling Advises IFC Asset Management Company on Formation of IFC Catalyst Fund

Shearman & Sterling advised IFC Asset Management Company, LLC (AMC), a wholly owned subsidiary of the International Finance Corporation, in the structuring and formation of IFC Catalyst Fund, LP, a $418 million private equity fund of funds focused on providing growth capital for companies delivering resource efficiency and low-emission products and services in emerging markets. The IFC Catalyst Fund has made four commitments to funds focused on climate-related investments, such as renewable energy, cleantech and industrial biotechnology, in Southeast Asia, China and Latin America. Shearman & Sterling also represents IFC Catalyst Fund on its investment activities.

The Shearman & Sterling team was led by partner Laura Friedrich (New York-Investment Funds) and included partners Roger Baneman (New York-Tax), Lorna Chen (Hong Kong-Investment Funds), Nathan Greene (New York-Investment Funds), and Michael Shulman (Washington, DC-Tax) and associates Kasey Choi (Hong Kong-Investment Funds), Jason Spears (New York-Investment Funds), Catherine Sum (New York-Investment Funds) and Jeffrey Tate (Washington, DC-Tax).