LAC eco.Business Fund - Partnership for Biodiversity

proposed

IDB Invest is considering an investment of up to US$40 million in LAC eco.business Fund (“EBF” or “the Fund”) that Finance in Motion (“FIM” or the “Fund Advisor”) is advising. The Fund was established in 2014 and focuses on resilient agribusiness and food security throughout Latin America and the Caribbean (“LAC”). EBF makes loans through financial institutions and directly to corporate entities, and specifically promotes biodiversity conservation, sustainable use of natural resources, and climate mitigation and adaptation. The Fund has an open-ended evergreen structure, with current size of approximately $600 million. EBF is a successful existing client; IDB Invest’s loan to the Fund would be fully amortized in December, so this investment would strengthen the long-term relation with this strategic partner. FIM is a leading global impact asset manager, with extensive experience and a deep regional network.