PROJECT

Projects

Summary of Investment Information

Project Number

42655

Company Name

KANDEO DEBT FUND

Date SPI Disclosed

Nov 16, 2020

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Jan 29, 2021

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 23, 2024

Department

Regional Industry FIG LAC & EUR

Industry

Funds

Previous Events

Approved : Apr 14, 2021
Signed : Jun 2, 2021
Invested : Nov 29, 2021

Sector

Other Non-Private Equity Fund

Project Description

The Project consists of an IFC investment of up to US$20 million in Kandeo 3D (the Fund), a regional credit opportunity fund (COF) with a target size of US$150 million. The purpose of the Fund is to provide longer-term senior loans to, and invest in bond issuances by, underserved Middle Market Enterprises (MMEs) with growth potential in Mexico, Colombia, and Peru. The Fund will be managed by Kandeo Investment Advisors LLC.

Associated Advisory Engagement

Not Applicable                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation