PROJECT

Projects

Summary of Investment Information

Project Number

45178

Company Name

Red Fundo de Investimento em Direitos Creditorios Real LP

Date SPI Disclosed

Mar 25, 2022

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Apr 25, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

May 10, 2023

Department

Regional Industry FIG LAC & EUR

Industry

Funds

Previous Events

Approved : May 19, 2022
Signed : Dec 30, 2022
Invested : May 5, 2023

Sector

Fund Management Company

Project Description

 The proposed project (the “Project”) consists of a 5-year (2 years of grace period) investment of up to BRL 480 million in senior quotas of Red Real FIDC (“Red Real” or the “Fund”), managed by RED Asset Gestão de Recursos Ltda (“RED Asset” or the “Fund Manager”), an existing IFC client. The Project aims to continue supporting RED Asset’s lending program to small and medium enterprises (“SMEs”).

Associated Advisory Engagement

Potential advisory service engagements include IFC Advisory Services on corporate governance improvements for RED Asset.                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation