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According to the IDB Invest, the project consists of an anchor investment by IDB Invest of up to US$30 million or 20% of the capital commitments in the Fondo de Inversion Senior Loans BDC 3 Vinculado a la Sostenibilidad (the "BDC Peru Sustainability-Linked Debt Fund" or the "Fund"), the first Peruvian sustainability-linked fund focused on providing senior secured and structured financing to profitable companies in the corporate and mid-market segments, primarily those generating U.S. dollar-denominated revenues, while promoting measurable improvements in their sustainability performance (the "Project").
The Fund will be managed by BD Capital Sociedad Administradora de Fondos S.A.C. ("BD Capital" or the "Fund Manager"), an independent Peruvian private debt management firm. Founded in 2014 by former Citibank executives, BD Capital is one of Peru's largest private debt managers, with more than US$400 million in assets under management (AUM) and an established track record.
With a target size of US$150 million and a hard cap of US$250 million, the Fund is designed to mobilize capital from local and international investors for the benefit of approximately 15 underserved middle segment enterprises, by providing access to financing with pricing linked to sustainability performance, with an emphasis on (i) reducing Greenhouse Gas ("GHG") emissions; and (ii) increasing women's representation in leadership positions.
The Fund represents a significant opportunity to advance the sustainability-linked finance market. It offers investors a new way to finance companies while incentivizing mid-market companies to promote female leadership and use resources more efficiently. The Fund's Sustainability-Linked Debt Framework will enable investors to support companies with strong commitments in both areas, while fostering transparency and accountability regarding the achievement, measurement, and reporting of sustainability targets and indicators associated with sustainability-linked loans and bonds.
According to the IDB Invest, the Fund will be managed by BD Capital Sociedad Administradora de Fondos S.A.C. (“BD Capital” or the “Fund Manager”), an independent Peruvian private debt management firm. Founded in 2014 by former Citibank executives, BD Capital is one of Peru’s largest private debt managers, with more than US$400 million in assets under management (AUM) and an established track record.
ndavalos@bdcapital.pe
+(511) 440 2714
Av. Felipe Pardo y Aliaga 640, San Isidro 15073, Lima, Peru
PHONE NUMBER: +(511) 440 2714
POST OFFICE ADDRESS: Av. Felipe Pardo y Aliaga 640, San Isidro 15073, Lima, Peru
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://www.iadb.org/en/access-information/information-request
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).