The proposed project consists of an equity investment of up to US$20 million in the Bozano Investimentos Growth Capital Fund, L.P. ("Bozano Growth" or "the Fund"), a 10-year closed end generalist private equity fund domiciled in the Cayman Islands and managed by Bozano Investimentos ("Bozano" or the "Fund Manager"). The Fund targets growth capital investments in mid-market companies Brazil. The Fund is targeting US$300 million in commitments. The Fund is expected to make 6 to 8 investments with ticket sizes ranging between US$25million to US$75 million.
(i) Support job creation: The Fund will focus on mid-cap companies with growth capital needs, which tend to have the largest impact on job creation and the most potential for IFC to develop direct relationships through potential co-investment opportunities.
(ii) Access to finance: Fund will provide long term risk capital, which is very difficult for the local mid cap companies to obtain in the current environment.
(iii) Private sector development: Operational, financial, and ESG improvement of local businesses.
It is a 10-year closed end generalist private equity fund domiciled in the Cayman Islands and managed by Bozano Investimentos.
Bozano is an alternative asset manager based in Brazil with approximately US$1 billion in assets under management as of December 31, 2016.
ACCOUNTABILITY MECHANISM OF IFC
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