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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Gutierrez Gutierrez, Martha Maria
USD $ 7,500,000
USD $ 7,740,000
Project scope and objective
The Latin America Venture Debt Growth Fund (the “Fund”) is a venture and growth debt fund formed between SVB Financial Group (“SVB”), Partners for Growth (”PFG” or “Fund Manager”) and IDB Invest. The Fund aims to unlock innovation and support the growth of tech-enabled companies across Latin America and the Caribbean (“LAC”). IDB Invest is proposing an investment package consisting of (i) up to US$15 million for 49% of the Fund’s capital commitments; and (ii) up to $240,000 in the Fund’s general partner for a 20% equity stake in the General Partner (the “Project”). The Fund, pioneering the strategy in Latin America and the Caribbean, will provide structured debt to later stage innovative companies across LAC in sectors such as software, technology, life sciences, healthcare and fintech, among others.
This IDB Invest project will complement other IDB Lab efforts in the venture debt space focused on smaller and earlier stage startup companies. Through this coordinated approach, the IDB Group will not only be partnering with SVB and PFG, leading global venture and growth stage lenders, to expand activity in the region, but will also promote the development of debt as a financing option for companies across the innovation economy, addressing a gap in the market for venture and growth stage companies in the LAC region.
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Director SVB Capital
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005