Strategic Investment Funds : Opportunities and Challenges / Havard Halland.

Format:

Book

Government document

Author/Creator:

Halland, Havard.

Contributor:

Halland, Havard.

Kloper-Owens, Jacob J.

Noel, Michel.

Tordo, Silvana.

Series:

Policy research working papers.

World Bank e-Library.

Language:

English

Subjects (All):

Co-Investment Fund.

Private Equity Fund.

Sovereign Development Fund (SDF).

Sovereign Wealth Fund (SWF).

Strategic Investment Fund, (SIF).

Venture Capital Fund.

Local Subjects:

Co-Investment Fund.

Private Equity Fund.

Sovereign Development Fund (SDF).

Sovereign Wealth Fund (SWF).

Strategic Investment Fund, (SIF).

Venture Capital Fund.

Physical Description:

1 online resource (46 pages)

Other Title:

Strategic Investment Funds

Place of Publication:

Washington, D.C. : The World Bank, 2016.

System Details:

data file

Summary:

Over the past 15 years, the number of government-sponsored strategic investment funds has grown rapidly in countries at all income levels. This paper identifies some of the challenges that these funds face in their endeavor to achieve economic policy objectives while also securing commercial financial returns-the so-called double bottom line. Through the review of the objectives, investment strategies, and operations of a sample of strategic investment funds, this paper outlines ways in which these challenges have been addressed. The paper suggests that properly structured and managed strategic investment funds can be effective vehicles for crowding in private investors to priority investments, thus magnifying the impact of public capital. However, their success rests on the funds' ability to balance policy and commercial objectives, source investment opportunities, and secure the right fund management capacity.