PROJECT

Projects

Summary of Investment Information

Project Number

48901

Company Name

Blue Like an Orange Sustainable Capital Latin America Fund II

Date SPI Disclosed

Sep 27, 2024

Country

Latin America and the Caribbean Region

Region

Latin America and the Caribbean

Projected Board Date

Oct 31, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jan 10, 2025

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Dec 2, 2024
Signed : Dec 13, 2024
Invested : Jan 8, 2025

Sector

Growth Equity Fund

Project Description

The proposed transaction is an equity investment of up to US$15 million, up to 20 percent of the Fund’s total commitments in Blue Like an Orange Sustainable Capital Latin America Fund II (Fund II or the Fund), a structured credit fund to make various forms of structured credit, debt securities, other similar instruments with certain equity kickers and up to 10% of its size in equity in small to mid-market (SME) companies across Latin America.

The Fund will make 15-20 investments in Latin America and 2-3 projects in Africa and South Asia, providing finance to SMEs targeting critical sectors of social impact through access to finance, sustainable agribusiness, healthcare and education, gender, and climate change.

Associated Advisory Engagement

There are no advisory services associated with this engagement.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation