IDB Invest is considering an investment of up to US$40 million (in BRL equivalent) through the subscription of senior quotas of an investment fund in Brazil. IDB Invest’s participation will allow the fund to reach the necessary scale to effectively execute its investment strategy and reach its minimum size.
The fund will invest in debt instruments to mid-sized companies in Brazil with limited access to finance from commercial banks and capital markets. The fund manager of the fund is a local investment management company with extensive experience in the local market.
The fund’s target sectors include retail and consumer-related, specialty services, non-traditional financial institutions, and infrastructure. The proposed project will be approved under the following IDB Invest delegated facility: “Debt Capital Markets Program”.