The management company ACON was set up in 1996 to support SME financing in Latin America. PROPARCO has been a partner of ACON since 2010 with the ACON ALAOF fund, then ACON ALAOF IV in 2014. The team is based in the USA, Mexico City, Bogota and Sao Paulo.
ACON ALAOF V is expected to implement a strategy based on three guidelines. Firstly, support the growth in consumption related to the emergence of a middle class, but also support the private sector, which contributes to closing the infrastructure gap, and, finally, improve the penetration of financial services, which is still low. Sectors related to oil, gas and extractive industries are excluded from the fund’s investment policy.
- Support for the employment of some 7,350 people in the countries concerned (mainly Brazil, Mexico and Colombia), including some 3,700 women.
- Training in compliance for the fund’s employees (legal obligation) and training for employees in the underlying companies depending on the needs, with a focus on improving corporate governance practices, assessing environmental and social risks and defining investment strategies.
This information is given at the time of signature, without prejudice to any developments in the operation/project