| Project Detail |
PROJECT NUMBER
14737-01
IDB Invest is proposing an anchor investment of up to US$50 million as a limited partner in VPC Investor Fund W, L.P. (the “Fund”), a debt fund incorporated under the laws of Delaware. The Fund’s strategy is to provide tailor-made and secured financial structures to Technology-Based Financial Institutions (“Fintechs”) across Latin America and the Caribbean (“LAC”). With a target size of US$100 million, the Fund will be structured to mobilize additional US$230 million of investment capital from Victory Park Capital Advisors, LLC (“VPC” or the “Fund Manager”) investor base. Therefore, creating a US$330 million Fintech Credit Facility (“FCF”) to support the development of the Fintech ecosystem in LAC.
The Fund will be managed by VPC, an independent investing firm, founded in 2007, with more than US$10 billion of capital invested since inception and an established track record in Fintech debt solutions.
With this second transaction with VPC, IDB Invest will not only be supporting one of the leading global alternative investment firms to further expand its operations into the region, but will also promote the development and consolidation of a new and much needed asset class in the market. The Fund will provide flexible debt solutions to Fintechs, currently rarely available in LAC. Supporting increased access to finance to Micro, Small, and Medium-Sized Enterprises (“MSMEs”). |
