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Supporting an investment fund that assists Mexican SMEs
Project
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Signature date
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Location
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Mexico
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Financing tool
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Financing amount (Euro)
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--
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Financing details
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USD 5m Equity investment
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Customer
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Adobe Capital
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Type of customer
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Investment fund
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Country of headquarters
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Mexico
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Project number
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PMX1014
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Environmental and social ranking
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IF-B
In Mexico, Proparco is making an equity investment in an Impact Investing investment fund supporting SMEs that work to improve access to quality essential goods and services
Client presentation
Adobe Mezzanine Fund (“AMF”) is an Impact Investing fund which invests equity and quasi-equity in SMEs with high growth potential in Latin America. It is managed by Adobe Capital, a fund manager set up in 2010.
Project description
Adobe Mezzanine Fund is a fund dedicated to SMEs that have strong development potential and impacts. The fund’s objective is to support the development of viable and profitable business plans to provide basic products and services that improve living conditions for low and middle-income populations. The fund will offer financing solutions starting at USD 500 K and up to USD 8m per company.
Project impact
The project will support the development of companies with a strong social impact in the sectors of education, health, finance and agribusiness with an environmental impact (contributing to the fight against climate change). AMF offers a financial instrument that is very underdeveloped in Mexico (Impact Investing), especially for SMEs with an explicit social objective. By investing in a social impact fund with recognized expertise in this area, the project will provide low-income households with access to quality essential goods and services.