Bozano Growth (IFC-38461)

Countries
  • Brazil
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
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
Sep 21, 2017
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
BOZANO GROWTH CAPITAL FUND
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)
$ 20.00 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 @ IFC website

Updated in EWS Aug 3, 2018

Disclosed by Bank May 9, 2017


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Project Description

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.

People Affected By This Project

(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.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

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.

Contact Information

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/