The proposed transaction consists of an investment of up to US$50 million equivalent in COP or up to 15% of the total commitments in FCP CC Deuda Privada I (FCP Credicorp or the Fund), a debt fund to be established in Colombia by Credicorp Capital Colombia S.A. (Credicorp Capital or the GP). The Fund will provide structured long-term debt to performing medium and larger size enterprises.
IFC anticipates that the Project will improve the credit available for medium and larger size enterprises to support their growth. The longer-tenors and customized, flexible forms of finance will facilitate the borrowers’ growth. Beyond the project-level impact, IFC anticipates that the project will promote competitiveness in the Colombian market by helping develop the debt fund market in Colombia. This will be achieved through the demonstration and competition channels.
Credicorp Capital Colombia S.A. is a broker dealer which is owned by Credicorp ?Holding Colombia S.A.S., a holding company, which is part of the Group Credicorp among others leading corporations in Latin America: Credicorp Capital Peru (formerly, BCP Capital), Credicorp Capital Chile (formerly, IM Trust). Through its regional presence in Latin America, Credicorp Capital manages more than US$ 2 billion in Alternative assets, while in Colombia, over the past +13 years, the company has managed +9 Economic Rights funds with AUM of US$ 206 million. Additionally, the company has an advisory services arm which focuses on corporate finance, wealth and asset management, and capital markets.
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