IFC weighs investment in Latin American climate growth fund
The proposed vehicle would concentrate on Brazil and back mid-sized companies.
The International Finance Corporation has disclosed a potential equity investment in Generation Just Climate Latin America Fund II. The fund would pursue mid-sized companies working on food systems, the industrial and energy transition, and ways to reuse materials.
The proposal envisages 10 to 15 investments of $10 million to $50 million each. It could allocate up to 80 percent of its capital to Brazil, with the remaining share aimed at other markets in Latin America and the Caribbean.
The disclosure describes an investment under consideration. The concentration in Brazil would give the fund a clear main market while leaving room for deals elsewhere in the region.