Company name
Pátria Investimentos Ltda.
Project number
12236-01
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
Brazil
Sector
Financial Institutions
Status
In implementation
Disclosed date
03/30/2018
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
05/14/2018
Approval date
07/24/2018
Signed date
09/27/2018
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 42,763,800
Currency
BRL
Project scope and objective
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”.
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Contact information
For inquiries, comments and information requests about the project
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
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
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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.
ENVIRONMENTAL AND SOCIAL REVIEW
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