Company name
Peninsula IV Levered-O L.P.
Project number
12389-01
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
Financial Institutions
Status
Inactive
Disclosed date
11/01/2018
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/04/2018
Approval date
12/11/2018
Signed date
N/A
Sponsoring entity
N/A
Team leader
Parodi Serpa, Alberto Enrique
Investment type
Syndicated amount
N/A
Financing amount
USD $ 60,000,000
Currency
BRL, COP, MXN, USD
Project scope and objective
The Project consists of an IDB Invest financing via a series of loans equivalent to US$60 million in the aggregate, but to be provided in four different currencies to Peninsula IV Levered-O L.P., a feeder fund of Peninsula Investments Group IV, L.P., which is an investment fund that invests in middle-income for-sale and/or for-rent residential development projects and mixed-use development projects across Latin America.
The project objective is to increase the availability of equity financing to residential and mixed-use real estate projects targeted to middle-income households in the Latin American region. The Fund Manager is Management Peninsula, Ltd., a company composed of a team of qualified professionals who have developed significant experience managing three regional residential development funds of an aggregate amount of above US$255 million.
Peninsula seeks to add value at both the investment and developer level by providing equity and debt financing to each of the residential and mixed-use real estate projects, maintaining control on key project decisions, assisting developers in defining the marketing, sales, construction and financing strategy, and training its development partners to implement sophisticated systems into their sales and construction processes. Additionally, Peninsula seeks to optimize financial performance by actively monitoring these processes throughout the life cycle of every project.
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Contact information
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Client Contact
CONTACT NAME
Josef Preschel
POSITION
Managing Director
PHONE NUMBER
+1.786.866.8010
jpreschel@peninsulainvestments.com
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.
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.
ENVIRONMENTAL AND SOCIAL REVIEW
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