Company name
Macrocapitales - Fondo de Inversión Deuda Corporativa
Project number
14904-01
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
Peru
Sector
N/A
Status
Proposed
Disclosed date
09/17/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/19/2024
Approval date
11/19/2024
Signed date
12/04/2024
Sponsoring entity
N/A
Investment Operations Department Contact
Financial Institutions Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 30,000,000
Currency
USD
Project scope and objective
The Project consists of an investment in the MK Empowerment Private Debt I Fund (USD) (the “Fund”), a private debt fund created to provide customized credit solutions for Middle-Market Enterprises (“MMEs”) in Peru. The main niche for the Fund will be companies that require customized financing solutions to support growth opportunities and improve productivity.
The Fund will primarily invest in private debt instruments (e.g., private debt issuances, such as corporate bonds and securitization bonds), which will add value to the local capital markets.
The Fund will be managed by Macrocapitales SAF (“Macrocapitales” or the "Fund Manager") an asset management company with more than 14 years of experience in the Peruvian market. Macrocapitales is part of Grupo Macro, which has established a solid reputation as a leading independent economic think tank, consultant company, investment bank, asset manager (with more than US$125 million in AuM) and wealth manager in Peru.
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
fmanrique@macrocapitales.com.pe
PHONE NUMBER
(+511) 203 9800
POST OFFICE ADDRESS
Av. Santa Cruz 830, piso 2 / Lima, Peru
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 OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For 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.
MACROCAPITALES PRIVATE DEBT FUND-14904-01- PE - ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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