A look at how IFC does private equity

Can you tell me about the size of the portfolio you manage and your recent performance?
We have a little more than $3 billion in investments, in about 180 funds, of which $1.5 billion is disbursed. We ramped up counter-cyclically in 2009 and 2010; we normally would invest $400 million a year but in the last few years we increased that. We calculate that fund managers supported by IFC represent about 10% of total emerging market private equity funds, making us the largest investor in this space.