The objective of the investment is to increase access to financing for Mexican medium sized firms that lack the necessary ability and capacity to tap traditional long-term sources of funding.To support this objective, the IDB Invest is proposing investing in Indigo 2 PD, a private debt fund that will provide debt financing to Mexican medium sized companies. IDB Invest will invest up to the lesser of MXN450 million or 20% of the Fund.
Additionally, IDB Invest will add strategic value to the Fund's team by participating on the Fund's shareholder committee, by promoting the use of the Women's Empowerment Tool at the Fund and portfolio levels, by providing trainings to the Fund Manager and portfolio companies on energy efficiency topics, and by having available up to three energy audits for potential portfolio companies.
The Fund will seek to provide debt products to up to 20 mid-sized companies operating in Mexico with tickets between MXN75 million to MXN250 million. The Fund will have a life of 10 years and an investment period of up to 4 years, extendable 2 additional years.
Asesores Indigo Deuda Privada, S.C. is a Mexican Fund manager that is targeting to raise MXN3,500 million for Indigo 2 PD. Indigo 2 PD is a private debt fund that will provide debt financing to Mexican companies with annual revenues between MXN100 million and MXN500 million
Project Contact: Oscar Sanchez
Senior Associate, Indigo
Telephone: +52-55 216-70797
Email Address: firstname.lastname@example.org
ACCOUNTABILITY MECHANISM OF IIC
The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).