Darby ProBanco Fund II
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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 5,000,000
Project scope and objective
The project consists of an equity investment in Darby ProBanco Fund II, a private equity fund managed by Darby Overseas Investments ("Darby"). Darby ProBanco Fund II’s investment target is the financial sector (banking, non-banking financial institutions, special purpose vehicles, and financial service oriented companies) in Central America, Panama, Dominican Republic, Mexico and Colombia.
This Fund draws on Darby’s success in investing in this sector in the Latin American region. Darby manages over two billion dollars in several private equity funds in Latin America, Eastern Europe, and Asia. Darby is a wholly owned subsidiary of Franklin Resources, a publicly owned global investment management firm.
This investment will be the IIC’s second investment in a private equity fund managed by Darby. In 2003, the IIC committed US$6.0 million in Proba I – a small private equity fund that invested in the financial sector in Central America. Proba I was a successful private equity fund of the 2000 vintage in the Central American region.
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IDB Invest Contact
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