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CAMIF II: A venture capital fund for infrastructure in Latin America and the Caribbean
Project
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Signature date
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Location
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Belize, Colombia, Costa Rica, Haiti, Guatemala, Honduras, Jamaica, Mexico, Nicaragua, Panama, Salvador, Multi-country Latin America and the Caribbean
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Financing tool
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Financing amount (Euro)
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8236553.83
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Financing details
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Equity investment of EUR 10m
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Customer
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Central American Mezzanine Infrastructure Fund II
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Type of customer
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Company
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Project number
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PZZ1226
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Environmental and social ranking
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IF-A
CAMIF II, a development capital fund managed by EMP Latin America, finances infrastructure projects in Central America, the Caribbean, Mexico and Colombia. It targets SMEs leading greenfield projects.
Client presentation
EMP Latin America (Emerging Markets Partnership Latin America) is one of the main fund managers in Latin America and the Caribbean. Its subsidiary, LAP Latin America Partners LLC, has been managing the CAMIF I fund since 2008 and, building on this success, will be in charge of managing the second fund, CAMIF II, which has similar characteristics.
Project description
Proparco invested in the mezzanine and private equity fund CAMIF II during its first closing. The aim of this fund will be to invest in infrastructure projects, with a focus on the sectors of energy, transport, telecommunications, water and sanitation, health and education. It will operate in the Central America, Caribbean, Mexico and Colombia zone, and will target SMEs and greenfield projects.
Project impact
This operation will support infrastructure development in Latin America, particularly in Central America, where it suffers from chronic underinvestment. It will also improve access to capital for SMEs and greenfield projects, which have difficulty obtaining financing. In addition, it will contribute to developing environmental and social (E&S) best practices in the region, as the
CAMIF II fund has adopted high international E&S standards.