Company name
Amadeus V Latin America Sustainable Growth Fund LP
Project number
13382-01
FI-2 operations are those where the risk potential is considered medium: the FI’s current or future portfolio consists of or is expected to consist of, business activities that have potential limited adverse environmental or social risks or impacts that are few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures; or includes a very limited number of business activities with potential adverse environmental or social risks or impacts that are diverse, irreversible, or unprecedented.
E&S category
FI-2
Country
Regional
Sector
Investment Funds
Status
Inactive
Disclosed date
09/23/2021
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/02/2021
Approval date
11/02/2021
Signed date
12/23/2021
Sponsoring entity
Amadeus Capital Partners
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
USD $ 7,500,000
Financing amount
USD $ 12,500,000
Currency
USD
Project scope and objective
The project consists of: (i) an IDB Invest investment of up to the lowest of US$10 million or 15% of the capital commitments in Amadeus V Latin America Sustainable Growth Fund LP (the “Fund”), a new fund with a target size of US$150 million that aims to provide “early growth” capital to 12-18 emerging technology-enabled high growth companies at series B-D across Latin America and the Caribbean (“LAC”); and (ii) an uncommitted facility of US$10 million for potential IDB Invest co‑investments (the “Facility”) in selected opportunities alongside the Fund, (the “Project”).
The Fund will be managed by Amadeus Capital Partners (“Amadeus” or the “Manager”), a specialized UK investment manager in core technology themes driving global digital transformation with more than 20 years of global track record and seven in emerging markets (EMs).
The primary development objective of the Project is to support the growth of young, innovative, and fast-growing firms in LAC, mainly in the sectors of financial services (FinTech); education (EdTech); software-as-a-service (SaaS); and next generation e-commerce (NextGen eCommerce), contributing to higher productivity, job creation, and ultimately, economic growth. The Project will also facilitate cross-border technology transfers, thus contributing to increased international integration as well as to the further development of LAC’s innovation ecosystem.
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
investor-relations@amadeuscapital.com
PHONE NUMBER
+44 (0)330 024 0777
POST OFFICE ADDRESS
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
AMADEUS -13382-01-ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
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