Company name
XLC Administradora General de Fondos S.A.
Project number
13606-01
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

Chile
Sector

Financial Institutions
Status
Hold
Disclosed date
10/25/2021
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/16/2023
Approval date
12/13/2022
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 15,000,000
Currency
USD
Project scope and objective
IDB Invest is considering an investment of up to US$30 million in senior, US dollar-denominated quotas of the XLC Private Debt Fintech Investment Fund (the “Fund”), which is managed by XLC Administradora General de Fondos S.A. (the “Fund Manager”). The Fund’s main objective is to invest in invoices and other private debt instruments originated by X Capital SpA (“Xepelin”), a fintech company specialized in providing financial services to small and medium-sized enterprises (“SMEs”).
The development goal of the investment is to support access to financing for Chilean SMEs. IDB Invest's participation will allow the Fund to reach enough scale to effectively execute its investment strategy.
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
rn@excelcapital.com
PHONE NUMBER
+56223075700
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.
ESRS XLC 13606-01
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