The IIC is proposing an equity investment for up to US$10 million as a limited partner into MAS Equity Fund III (the “Fund”), a Colombian private equity fund targeting investments in high growth companies operating in Colombia or focused in Colombia. The Fund will have a life of eight years with the possibility to extend two additional years starting April 2016.
MAS Equity Fund III is the third fund managed by the partners of MAS Equity Partners in Colombia. It is a multi-sector fund that will primarily acquire minority positions in mid-market companies with a focus on: (a) niche segments and changing demographics; (b) strong and disciplined management teams with clear vision; (c) innovative business models in segments with sustainable competitive advantages; (d) clear value creation plan and exit opportunities; and (e) businesses with potential to expand nationally and internationally. IIC’s additionality relates to the provision of equity allowing the Fund to reach a higher closing amount, provision of regional expertise, access to a regional network for the fund and its portfolio companies, and Environmental, Social And Governance (“ESG”) improvements.