Darp SPV Chile

completed

The existence of a strong Distress Assets (“DA”) market constitutes an important element contributing to the appropriate performance of the financial industry in any economy. In this context, the proposed project is part of IFC’s program to promote the development of a DA market in Emerging Markets. To achieve this, the project team proposes partnering with an affiliate of Fortress Investment Group (“Fortress”), existing DARP partner in Asia, to create a Special Purpose Vehicle that would purchase, hold and manage non-performing loans (“NPLs”) portfolios acquired from different financial institutions in Chile.