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FIRST

Sector: Warehouse • Location: Brazil

Source: International Finance Corporation (IFC)

Project
Completed

The project entails an IFC equity investment of up to $15 million in Fundo de Investimentos Riqueza Social para Todos (FIRST) Fund, (“FIRST” or the “Fund”), a 10-year closed-end impact investing fund that seeks to raise $125 million The Fund will target growth companies that have the potential to provide products and services to 1 million low-income people in Brazil. The capital will aim to invest

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Project Information

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The project “FIRST” is an infrastructure initiative in the Warehouse sector, located in Brazil. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

The project entails an IFC equity investment of up to $15 million in Fundo de Investimentos Riqueza Social para Todos (FIRST) Fund, (“FIRST” or the “Fund”), a 10-year closed-end impact investing fund that seeks to raise $125 million The Fund will target growth companies that have the potential to provide products and services to 1 million low-income people in Brazil. The capital will aim to invest mainly in the North and Northeast regions of Brazil and the education, health, housing, financial services sectors. The Fund will be managed by FIRST Gestao de Investimentos, a subsidiary of FIR Capital, a Brazilian venture capital fund manager established in 2001 that currently manages two venture capital/private equity funds in Brazil.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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