Company name
EcoEnterprises Partners IV, LP
Project number
14524-01
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
Approved
Disclosed date
10/30/2023
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/08/2023
Approval date
12/13/2023
Signed date
03/15/2024
Sponsoring entity
N/A
Investment Operations Department Contact
Financial Institutions Division
Investment type
Syndicated amount
USD $ 5,000,000
Financing amount
USD $ 5,000,000
Currency
USD
Project scope and objective
IDB Invest is considering an equity investment of up to US$10 million (inclusive of a US$5 million Blended Finance equity participation with resources from funds managed by IDB Invest) in the EcoEnterprises Partners IV, LP (the “Fund”), an impact investing fund that will offer tailored growth capital for small and medium nature-based businesses in the Amazonian, Andean, and Meso‑American regions.
The Fund will seek to invest in nature-based companies that promote positive environmental and social outcomes, with a focus on: (i) preserving and regenerating biodiversity (such as regenerative agriculture, agroforestry, sustainable aquaculture, and ecotourism); (ii) fostering climate solutions (including alternative proteins, renewable energy, and the circular economy); and (iii) promoting sustainable, inclusive growth (gender-inclusive and women-led companies, businesses that engage with indigenous communities, among others).
The Fund will be managed by the EcoEnterprises Capital Group (“EcoEnterprises”), a pioneer women‑founded and managed impact investing firm with a track-record of over 20 years building nature-positive portfolios in Latin America. EcoEnterprises seeks to generate development impact alongside market-level returns by providing long-term growth capital coupled with engaged value‑added services to help scale community-based businesses that contribute to biodiversity conservation, climate solutions, and the creation of inclusive, long-term economic opportunities for underrepresented peoples, including women and indigenous communities. To date, EcoEnterprises has made nearly 50 investments in more than ten different countries.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
tnewmark@ecoenterprisesfund.com
PHONE NUMBER
+1.802.349.4998
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 OfficesFor 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.
ECOENTERPRISES BIODIVERSITY AND CLIMATE FUND - 14524-01 – RG ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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