Victory Park Capital (IDBI-12711-01)

Regions
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 30, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Victory Park Capital W
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Oct 29, 2019

Disclosed by Bank Jun 25, 2019


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Project Description

IDB Invest is proposing a participation of up to US$50 million as a limited partner in Victory Park Capital Investor Fund W, L.P (the "Fund"), a debt fund incorporated under the law of Delaware. The Fund strategy aims to provide tailor made senior financial structures to technology based non-bank financial institutions ("Fintechs") across Latin America and the Caribbean ("LAC"). IDB will not only be supporting one of the leading global alternative investment firms to expand its operations to the region but will also promote the development of a new asset class currently not available in the market. The Fund will provide flexible debt solutions currently not available in LAC.

Investment Description
  • IDB Invest (IDBI)

SPONSORING ENTITY: Victory Park Capital Advisors, LLC

Private Actors
Contact Information

For project inquiries, including environmental and social questions related to an IDB Invest transaction, please contact the client (see Investment Summary tab), or IDB Invest using the email divulgacionpublica@iadb.org. 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(202) 623-3952.

Contact name: Matthew Coad
Title: Investor Relations
Phone number: 312.701.1777
Email:
mcoad@victoryparkcapital.com