The transaction consists of an investment of up to US$25 million in COP in FCP SURA Corporate Private Debt - Corporate Private Debt Compartment (the "SURA Fund"), which consists of a private credit fund that will provide financing to Small and Medium-sized Enterprises ("SMEs") and Middle Market Enterprises ("MMEs") classified as Entrepreneurial and Large Companies in Colombia.
Through this transaction, IDB Invest will support the nascent private debt fund segment in Colombia, a new asset class promoted in an effort to expand financing options complementary to traditional banking and thereby support economic reactivation.
IDB Invest's investment will assist the SURA Fund in achieving its target size. It will also serve as a reference to attract additional investors.
ADDRESS: 1350 New York Ave NW, Washington, DC 20005
ACCESS TO INFORMATION
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ACCOUNTABILITY MECHANISM OF IDB / IDB INVEST
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 (IDB Invest)-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 IDB Invest 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).