Jaguar RE Fund I (IFC-38939)

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
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
JAGUAR REAL ESTATE PARTNERS L.P.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 7, 2017

Disclosed by Bank Nov 15, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
The project entails an IFC equity commitment of up to $25 million, not to exceed 20% of total commitments, in Jaguar Real Estate Partners LP (the “Fund”), an 8-year closed-end private equity fund raising about $300 million to make control or significant minority investments in 5-6 real estate platform companies in Latin America. The Fund will target 4-5 investments of US$40-70 million each with an average of a 4-7 year holding period with the following estimated geographical distribution: (i) ~20-30% in Andean/Central American region; (ii) ~20% in Mexico; (iii) ~20% in Argentina; and (iv) ~30-40% in Brazil. Jaguar’s intended diversification strategy is multidimensional: (i) by geography within Latin America; (ii) by subsector, primarily including industrial and retail; and (iii) by stage of evolution in the life-cycle of the investee companies (green-field, value, growth plays).
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
For Inquiries About the Project, Contact Bruce Wolfson General Counsel Jaguar Growth Partners 390 Park Avenue, 4th Floor New York, NY 10022 T: +1 (646) 663 4936 E: bw@jaguargrowth.com For Inquiries and Comments About IFC, Contact General IFC Inquiries IFC Corporate Relations 2121 Pennsylvania Avenue, NW Washington DC 20433 Telephone: 202-473-3800 Fax: 202-974-4384 E Mail: Webmaster 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/

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