IDB Invest is evaluating an investment of up to US$30 million in Kandeo Fund 3D (I), LP, which is one of the vehicles that is part of Kandeo Fund 3D (the “Fund”), a regional investment fund that will provide financing to middle-market companies in Peru, Mexico and Colombia. The project’s objective is to increase access to customized financing for companies with growth potential but which lack access to long-term financing, contributing to their growth initiatives and job creation.
The Fund will be managed by Kandeo Investments Advisor LLC (“Kandeo”), an experienced fund manager, which is composed of a team of qualified professionals with experience investing in middle-market companies in Latin America.
IDB Invest’s participation will allow the Fund to reach the necessary scale to effectively execute its strategy. In addition, IDB Invest will provide a technical assistance that aims at strengthening the diversity, inclusion and gender initiatives at the Fund level.