 The IFC established IFC Asset Management Company LLC ( IFC AMC ) in 2009 as a wholly owned subsidiary to manage all capital funds to be invested in emerging markets . The AMC manages capital mobilized by the IFC as well as by third parties such as sovereign or pension funds , and other development financing organizations . Despite being owned by the IFC , the AMC has investment decision autonomy and is charged with a fiduciary responsibility to the four individual funds under its management . It also aims to mobilize additional capital for IFC investments as it can make certain types of investments which the IFC cannot . As of 2011 , the AMC managed the IFC Capitalization Fund ( Equity ) Fund , L.P. , the IFC Capitalization ( Subordinated Debt ) Fund , L.P. , the IFC African , Latin American , and Caribbean Fund , L.P. , and the Africa Capitalization Fund , Ltd . The IFC Capitalization ( Equity ) Fund holds $ 1 @.@ 3 billion in equity , while the IFC Capitalization ( Subordinated Debt ) Fund is valued at $ 1 @.@ 7 billion . The IFC African , Latin American , and Caribbean Fund ( referred to as the IFC ALAC Fund ) was created in 2010 and is worth $ 1 billion . As of March 2012 , the ALAC Fund has invested a total of $ 349 @.@ 1 million into twelve businesses . The Africa Capitalization Fund was set up in 2011 to invest in commercial banks in both Northern and Sub @-@ Saharan Africa and its commitments totaled $ 181 @.@ 8 million in March 2012 . As of 2012 , Gavin E.R. Wilson serves as CEO of the AMC . 
