Company name
LAFISE Investment Management Ltd.
Project number
13320-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S category
FI-2
Country
Regional
Sector
Investment Funds
Status
In implementation
Disclosed date
03/30/2021
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
09/03/2021
Approval date
08/31/2021
Signed date
11/12/2021
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 10,000,000
Currency
USD
Project scope and objective
CASEIF IV LP (Central America Fund) (the "Fund" or "CASEIF IV") is a new regional private equity fund that will provide growth capital and structured financing (mezzanine debt) to mid-sized companies with high growth potential in Central America, the Dominican Republic, and Colombia.
CASEIF IV will be managed by LAFISE Investment Management Ltd. ("LIM"). Founded in 2000, with the support of IDB Lab (formerly MIF) and Norfund, LIM is the longest-standing Central American venture capital and impact investment fund manager dedicated to supporting the growth of Small and Medium-sized Enterprises (“SMEs”) in Central America.
CASEIF IV is expected to play an important counter-cyclical role in the midst of the severe Covid-19 crisis and the recent hurricanes that impacted Central America, with a target size of US$75 million and US$400,000 for technical assistance funds. It is expected to become the largest private equity fund ever created that focuses primarily on Central America and the Dominican Republic (at least 85% of the fund), with the objective of supporting the growth of medium-sized enterprises.
The Fund's investment philosophy focuses primarily on aiding the development of the regional private sector by supporting entrepreneurs with strong regional expansion plans, acquiring new technologies to increase productivity and/or penetrate new market segments, and capitalizing on nearshoring opportunities. The Fund will invest in approximately 12 medium-sized companies with high growth potential in all economic sectors (multi-sector fund), particularly focusing on those where LIM has built special capabilities and networks for value creation, such as agribusiness, food and beverage manufacturing and processing, education, and information technology (“IT”).
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
erlagos@lafise.com
PHONE NUMBER
+505 22771111
POST OFFICE ADDRESS
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesFor inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
ENVIROMENTAL AND SOCIAL REVIEW - 13320-01
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