Original disclosure @ IFC website
Updated in EWS Nov 8, 2019
Disclosed by Bank Oct 28, 2019
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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.
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