Company name
IDC Ascend II LAC Food Security Fund
Project number
15405-01
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
Proposed
Disclosed date
05/05/2026
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
07/21/2026
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Financial Institutions Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 10,000,000
Currency
USD
Project scope and objective
IDB Invest is considering an investment of up to US$10 million in the IDC Partnership Fund for Central America and the Caribbean, which Valante Capital (Valante or the Fund Manager) is raising and will co-invest alongside the IDC Ascend II Fund (both vehicles jointly referred to as the “Fund”). The Fund has a US$250 million target and is focused on multisector equity investments primarily in Central America and the Caribbean, but also in the Andean countries. These markets have strong potential for upward economic mobility into the middle class, on which the Fund capitalizes by investing in food security, consumer, and retail – fragmented sectors with growth and exit potential. This fits the Fund Manager’s overarching impact strategy, including strong expected employment generation.
The Fund Manager has extensive investment experience and has a deep regional network.
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Contact information
For information requests about the project.
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Client Contact
PHONE NUMBER
+502 2291-8100
POST OFFICE ADDRESS
12 Calle 2-25, ZONA 10 Avia Torre 2 Nivel 12 - Guatemala City, Guatemala
Information not available on IDB Invest website may be requested by mailing to 1350 New York Ave NW, Washington, DC 20577, by e-mailing [email protected] or by calling +1(202)-566-4566.
Individuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing [email protected] 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 [email protected] or [email protected] or calling +1(202) 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 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.
IDC PARTNERSHIP FUND - 15405-RG - ENVIRONMENTAL AND SOCIAL REVIEW ESRS
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