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According to the Bank’s website, the proposed project consists of an equity investment in BEEL Sustainable Credit II (the “Fund”) of up to US$30 million equivalent in MXN, along other private institutional investors, targeting a Fund size ranging from US$350 million to US$470 million equivalent in local currency. The Fund aims to finance senior and mezzanine debt to infrastructure, energy and real asset projects in Mexico (the “Project”). The Fund will be managed by BEEL Infra, S.A.P.I. de C.V. (“BEEL” or the “Manager”), a strategically positioned debt fund manager in Mexico.
The Project will support medium and large infrastructure and energy subprojects in Mexico, and as such has been categorized as FI-1 according to the IFC’s Sustainability Policy. The Fund's pipeline includes primary and secondary investments in mostly brownfield sub-projects with limited participation in greenfield sub-projects in diversified infra sub-sectors such as toll roads, bridges, industrial complexes, telecommunications and digital services, sanitation, renewable power generation, hospitals, and port terminals, among others. Such infrastructure and energy sub-projects may involve involuntary resettlement, adverse impacts on the environment, community and occupational health and safety, biodiversity, indigenous peoples, and cultural heritage. To mitigate such risks and impacts, as part of this investment, BEEL will be required to screen and assess all sub-projects against the IFC Exclusion List, national E&S laws, and IFC's Performance Standards. The Project will not support coal-related activities.
The proposed IFC investment from IFC’s own account is for a total of up to US$30 million equivalent in MXN for up to 20% of the total capital commitments in the Fund depending on its final size.
The Fund will be managed by BEEL Infra, S.A.P.I. de C.V., a strategically positioned debt fund manager in Mexico.
The Fund’s investor base will be primarily composed of Mexican Pension Funds (AFOREs), insurance companies, and other accredited or institutional investors.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
- | - | - | - | Beel Infrastructure SAPI de CV | Client | - |
Beel Infrastructure SAPI de CV
Alejandra Melgoza
Head of Legal
n/a
amelgoza@beelinfra.com
Bosques Los Duraznos 16, Lomas de Chapultepec, CDMX, Mexico
n/a
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ACCOUNTABILITY MECHANISM OF IFC/MIGA
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