HMC Capital - Andean Private Debt Fund

in implementation

IDB Invest ("BIDI") proposes an investment of up to US$20 million or 20% of the commitments (whichever is less) in Fondo de Inversión HMC Deuda Privada Andina (the "Fund" or "Andean Private Debt"). IDB Invest’s participation will allow the fund to reach the necessary scale to effectively execute its investment strategy and reach its minimum size. This Fund will provide debt instruments to medium-sized companies in Peru, Colombia, and selectively in Chile. The main target of the Fund will be companies that require customized financial solutions to support growth opportunities and improve their productivity. The fund manager is HMC AGF (“HMC AGF" or the "Fund Manager"), a fund manager based in Chile. The investment is expected to increase the availability of medium-term private debt financing for mid-sized companies in Peru, Colombia and Chile, contributing to close a financial gap for the medium market.