CoreCo Central America Fund I LP

CoreCo Central America Fund I L.P. (CoreCo) is a PE fund which will invest in SMEs located in Central America. The Fund will target fast-growing service industry sectors, such as business services, healthcare, IT, financial services, telecommunications, consumer goods, retail and logistics. CoreCo will invest in SMEs that have the potential to become regional leaders in their respective sectors, focusing on companies that already have a regional presence. The Fund will have a ten-year life, with two possible one-year extensions.

The management company of the Fund is CoreCo Management, Inc which is domiciled in Florida, USA.

Impact

This project will increase the availability of PE financing in Central America: the Fund aims to fill a financing gap faced by Central American SMEs that have growth potential but face difficulties in acquiring long-term financing.

The Fund will contribute to SME development: In particular, the Fund aims to improve SME’s governance and operations. The SMEs that CoreCo will invest in will:

• directly create local jobs by hiring personnel as they grow;
• contribute to local economic growth by purchasing goods and services from other businesses in the region, which can also lead to indirect job creation; and
  
• pay taxes, contributing resources that may be used by governments to make improvements in local communities.

The Fund will contribute to the development of the VC/PE industry in the region by supporting the creation of additional fund management capacity.