TCW/Latin America Partners, LLC

completed

Summary Of Project Information (SPI)Project Name:Latin American Region – TCW LA FundRegion:Latin America and CaribbeanSector:Project No:009332Projected Board Date:June 21-25, 1999Company Name:TCW LA FundTechnical Partner and/or Major ShareholdersTCW/Latin American Partners LLC (TCW/LA), a Delaware limited liability company affiliated with the TCW Group, serves as Manager of the proposed Offshore Fund. Project Cost Including proposed IFC investmentIFC would invest US$20 million for up to 20% of the capitalization of the 10-year TCW Latin America Offshore Private Equity Fund, which will raise US$100 million for acquiring controlling equity stakes in Latin American middle-market private companies (MMPCs). The Offshore Fund will invest alongside the TCW Latin American Private Equity Partners Fund, with most of their investments expected to be in Brazil, Mexico, Argentina and Colombia. IFC would also provide a US$40 million Co-Investment Facility (CIF) for the right, but not the obligation, to invest with the Funds in Structured Securities (STSs) issued by the Funds’ investee companies, on comparable terms and on an arm’s-length basis. The STSs will consist primarily of quasi-equity instruments (e.g., bonds/loans with attached equity warrants, convertible debt instruments, redeemable preferred shares).Location of project and Description of site Regional - Latin American CountriesProject DescriptionFund Management: TCW/LA will manage both the Existing and Offshore Funds for an initial fixed term of five years, renewable for additional periods of up to ten years. The principals of TCW/LA will be responsible for identifying investments, enhancing their value and executing the divestment of portfolio companies. Description of Company and Purpose of ProjectTCW/LA has developed strong management, deal sourcing and fund-raising capabilities through a network of local teams headed by experienced senior executives in Argentina, Brazil and Mexico. The Funds will follow a proactive approach, providing the risk capital, management resources and expertise required to develop investee companies’ strategies and restructure and modernize their operations. The investee MMPCs will be required to expand their activities according to industry best practices and thereby reach the scale, capabilities and market position of interest to strategic investors or for listing. Environmental Category and IssuesThis is a Financial Intermediary (FI) Type 2 project according to IFC''s environmental review procedure. The Fund Manager will be required to undertake an environmental review of each sub-project. IFC will assess the Fund Manager''s capability to carry out environmental reviews. The is from the InfoShop.Date SPI sent to InfoShop: May 10, 1999“This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 974-4384