A wholly owned subsidiary of the International Finance Corporation and member of the World Bank Group, IFC Asset Management Company (AMC) raises and manages third-party capital looking to invest in private enterprise in developing countries. AMC provides growth capital for growing companies, investing in a selection of IFC transactions, with an independent investment decision-making process. Founded in 2009, AMC has raised $9.3 billion across 13 funds, including debt, equity and fund of funds products, marrying the return requirements of commercial capital with development needs.