Darby International Capital Latin American Fund IV

solar panel

In brief

Darby International Capital Latin American Fund IV is a closed-end private credit fund focusing on Latin America. The fund will target various sectors including infrastructure and logistics, natural resources and agribusiness industries, manufacturing, healthcare and consumer products. The target commitment amount of the fund is USD 400 million. The fund will target investing at least 50% of the total commitments in projects related to climate change mitigation and/or adaptation. Geographically, the fund will focus on Latin America (primary countries being Brazil, Colombia, Mexico, and Peru). The fund will be managed by Darby International Capital LLC.

Main development impact

Climate change is explicitly part of the Fund’s overall investment strategy. Darby is the first private credit fund in the LAC region with a climate mandate. The fund is targeting 50% of its invested capital for investment in climate finance transactions, i.e. financing for mid-market enterprises that drive mitigation and/or adaptation. In addition, the fund is committed to promoting gender equality, understanding that women’s empowerment is central to the effectiveness and sustainability of its portfolio companies and to creating social and economic value more broadly. Overall, in the developing markets in the region, unemployment, informal employment, and disconnectedness from the economy are key barriers to dignified living and broad-based economic growth. Improving the quality of work also benefits not just workers but all stakeholders. Companies in the fund portfolio have the potential to benefit underserved individuals who may lack access to basic goods and services, build and operate crucial infrastructure needed for communities, preserve ecosystems, and promote responsible production.

Investment details

Name: Darby International Capital Latin American Fund IV
Project number: 80000506
Region: Latin America
Country: Latin America
Sector: General fund
Signing date (month/year): June 2024
Currency: USD
Finnfund's financing (commitment): 15,100,000
Instrument: Fund
Status: Active
Website: https://darbyinternational.com/

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

Companies financed by the fund

Name Sector Region Country
Brix Energia Solar farm Latin America Brazil

Key facts

Name:

Darby International Capital Latin American Fund IV

Sector:

General fund

Region:

Latin America

Country:

Latin America

Currency:

USD

Finnfund's financing (commitment):

15,100,000

Signing date (month/year):

June 2024

Last update:

September 2024