Summary of Proposed Investment
Project Number
7338
Company Name
TERRA CAPITAL INVESTORS LIMITED
Date SPI Disclosed
Jun 25, 1996
Country
World Region
Industry
other
Status
Completed
Sector
Private Equity/Venture Cap Fund - Regional
Department
Equity Portfolio Management
Environmental Category
FI
Previous Events
Approved : Jun 25, 1997
Signed : Oct 27, 1998
Invested : Dec 23, 1998
Project Description
Summary Of Project Information (SPI)
| Project Name | Latin America-Biodiversity Enterprise Fund |
| Region | Latin America |
| Sector |
Projected Board DateAugust 1, 1996
Company Namen/a
Technical Partner and/or Major Shareholders
A group of institutions, including multi lateral and bilateral development institutions, and Latin American, Euoprean and North Amreican foundations and private sector investors.
Project Cost Including proposed IFC investment
Target size: US$20 - 30 million. IFC investment: US$5 million in the Fund; US$150,000 in the Fund Management Company.
Location of project and Description of site
Latin America; focus on Brazil and Andean and Southern Cone countries.
Description of Company and Purpose of Project
The project is to establish a private equity fund to invest in unlisted, commercially viable private companies undertaking sustainable uses of biological diversity in Latin America. The Fund will be managed by a new fund management company to be led by Dynamo Administracao de Recursos Ltda., a Brazilian investment fund manager, and TW Consultoria e Participacoes, a private investment firm. IFC will participate in the Fund’s Board of Directors, Investment Committee and Biodiversity Advisory Committee. The Global Environment Facility is expected to provide US$5 million in grant funds to cover biodiversity- related project screening and monitoring costs.
Environmental Category and Issues
The Fund is a Financial Intermediary (FI) category project according to IFC’s environmental review procedure. The Fund will be required to undertake an environmental review of eligible investee companies’ operations. IFC will assess the Fund’s ability to carry out out environmental reviews on each investee company.
| Date SPI sent to PIC | June 25, 1996 |
For Additional Information contact: Corporate Relations Unit -
telephone: (202) 473-7711
facsimile: (202) 676-0365
Sponsor / Cost / Location
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