Darby Latin American Private Debt Fund III

Equity : August 2018

BIO has invested USD 10 M in equity in Darby Latin American Private Debt Fund III, a senior debt fund aiming at providing long term debt financing to private middle-sized companies in Latin America.

Amount

€ 8,570,582.00

Type of investment

Equity

Development impacts

  • Local economic growth
  • Private sector consolidation/innovation

Beneficiary locations

Latin America and Caribbean: Brazil, Colombia, Dominican Republic, Ecuador, Peru

Investment field

Investment Companies & Funds

Activity

SME Fund

Organisation

Darby Latin American Private Debt Fund III

Domicile

Canada

The Darby Latin American Private Debt Fund III is a senior debt fund aiming at providing scarcely available long term debt financing to private middle-sized companies in Latin America. The Fund will invest primarily in Brazil, Colombia, Peru and Mexico, and can opportunistically invest in Dominican Republic, Ecuador, Chile and Uruguay. Though generalist, the Fund focuses on the following sectors: infrastructure & logistics-related assets, agribusiness, manufacturing, services and consumer products. Targeted financing objectives are growth capital, longer term debt refinancing and balance sheet strengthening and regional expansion.

Development impacts

  • Local economic growth

    SMEs in the target markets of Darby face major issues to obtain financing from local banks, and when they succeed it is in the form of short-term loans with high interest rates, high collateral, and cumbersome lending procedures, which prevents them to fund their growth and expansion properly. By providing capital to these SMEs, Darby is expected to support SMEs growth and contribute to local economic growth.

  • Private sector consolidation/innovation

    Know-how and technology transfer to investees:

    Darby intends to play an active role at the level of the governance and value add of portfolio companies, through observer seats or sub-committee seats, or change in management when required.

    The Fund aims at being involved in establishing good corporate governance practices that will allow businesses to mitigate risk, safeguard against mismanagement and attract further investments and capital that will fuel their growth

Made possible through this investment

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

NEOgas

Energy

Abengoa Peru

Industrial

Biopas

Healthcare

View more of our investments in this region

T&T Fruits

Enterprises

T&T Fruits

  7,548.63

  Peru

  15/06/2021

  Subsidy

Local Currency Microfinance Fund II

Investment Companies & Funds

Local Currency Microfinance Fund II

  3,031,680.00

  Bolivia, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru

  11/11/2013

  Equity

Local Currency Microfinance Fund II

Investment Companies & Funds

Local Currency Microfinance Fund II

  725,111.00

  Bolivia, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru

  05/06/2014

  Debt

ProCredit Holding AG & Co. KGaA

Financial Institutions

ProCredit Holding AG & Co. KGaA

  3,000,000.00

  Ecuador

  16/12/2004

  Equity

The Currency Exchange Fund n.v.

Financial Institutions

The Currency Exchange Fund n.v.

  7,091,000.00

  Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia

  05/09/2007

  Equity

Latam Growth Fund Ltd.

Investment Companies & Funds

Latam Growth Fund Ltd.

  3,665,000.00

  Colombia, Peru

  27/05/2008

  Equity

CoreCo Central America Fund I LP

Investment Companies & Funds

CoreCo Central America Fund I LP

  3,210,320.00

  Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua

  28/06/2012

  Equity

Hidronormandia

Infrastructure

Hidronormandia

  8,460,000.00

  Ecuador

  13/01/2017

  Debt

TransAndean Early Stage Equity Fund LLC.

Investment Companies & Funds

TransAndean Early Stage Equity Fund LLC.

  3,752,000.00

  Bolivia, Brazil, Colombia, Peru

  09/06/2003

  Equity

AgRIF Coöperatief U.A.

Investment Companies & Funds

AgRIF Coöperatief U.A.

  105,000.00

  Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal

  11/09/2018

  Subsidy

AgRIF Coöperatief U.A.

Investment Companies & Funds

AgRIF Coöperatief U.A.

  5,438,332.50

  Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal

  18/06/2015

  Equity

Productora Cartonera Procarsa & Surpapelcorp

Enterprises

Productora Cartonera Procarsa & Surpapelcorp

  7,121,232.00

  Ecuador

  16/10/2020

  Debt

Local Currency Microfinance Fund II

Investment Companies & Funds

Local Currency Microfinance Fund II

  113,688.00

  Bolivia, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru

  25/06/2014

  Subsidy

Local Currency Microfinance Fund II

Investment Companies & Funds

Local Currency Microfinance Fund II

  143,535.00

  Bolivia, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru

  28/01/2019

  Subsidy

Fairtrade Access Fund

Investment Companies & Funds

Fairtrade Access Fund

  350,000.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda

  07/04/2020

  Subsidy

Banco Solidario

Financial Institutions

Banco Solidario

  12,290.60

  Ecuador

  07/10/2019

  Subsidy

Banco Pichincha

Financial Institutions

Banco Pichincha

  13,254,016.72

  Ecuador

  09/06/2016

  Debt

EcoEnterprises Partners III

Investment Companies & Funds

EcoEnterprises Partners III

  6,208,300.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Nicaragua, Paraguay, Peru

  22/05/2019

  Equity

Fairtrade Access Fund

Investment Companies & Funds

Fairtrade Access Fund

  3,000,000.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda

  24/10/2019

  Equity

Hidrosierra

Infrastructure

Hidrosierra

  19,650.60

  Ecuador

  24/06/2019

  Subsidy

Hidrosierra

Infrastructure

Hidrosierra

  5,240,160.00

  Ecuador

  24/07/2019

  Debt

Montecristi Solar FV SAS

Infrastructure

Montecristi Solar FV SAS

  14,230,155.00

  Dominican Republic

  02/11/2017

  Debt

Banco D-Miro

Financial Institutions

Banco D-Miro

  4,372,500.00

  Ecuador

  14/10/2015

  Debt

Cooperativo Pacifico

Financial Institutions

Cooperativo Pacifico

  9,185,000.00

  Peru

  30/10/2017

  Debt

Acceso Crediticio

Financial Institutions

Acceso Crediticio

  8,521,516.83

  Peru

  04/10/2016

  Debt

Banco Visionfund Ecuador

Financial Institutions

Banco Visionfund Ecuador

  6,113,520.00

  Ecuador

  07/08/2019

  Debt

MSEF II

Investment Companies & Funds

MSEF II

  8,966,382.00

  Brazil, Colombia

  31/05/2019

  Equity

Banco Solidario

Financial Institutions

Banco Solidario

  8,338,200.00

  Ecuador

  27/06/2019

  Debt

Banco Solidario

Financial Institutions

Banco Solidario

  77,220.00

  Ecuador

  10/09/2012

  Subsidy

Banco Solidario

Financial Institutions

Banco Solidario

  5,987,000.00

  Ecuador

  15/05/2012

  Debt

Banco Guayaquil

Financial Institutions

Banco Guayaquil

  13,100,400.00

  Ecuador

  07/05/2019

  Debt