The proposed transaction involves an IFC investment in HMC Andean Private Debt (the “Fund”), a US$100 million credit opportunity fund, focused on investing in senior debt for mid-size companies (“MMEs”), mainly in Colombia and Peru with possible opportunistic investments in Chile for up to 20% of the Fund’s capital (the “Project”).
The Fund will be managed by HMC Capital (the “Fund Manager”) an existing IFC client. HMC Capital is a regional financial services company founded in 2009 with offices and operations in Chile, Peru, Colombia, Brazil Mexico and the United States. The main business activities of HMC Capital are asset management, institutional investment distribution, placement agent in Latin-America and investment banking services. The company has more than US$2 billion of assets under management and 80 seasoned and experienced investment professionals.
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/