Kandeo Fund 3 Debt
Latin America
Region
5.3
Commitment (MNOK)
Active
Status
Kandeo Fund 3D is private debt fund targeting mid-sized companies in Colombia, Peru and Mexico. The fund will focus on providing USD 4-10m in debt to companies in various economic sectors. The Fund is promoted by established fund manager Kandeo managed out of Colombia and with presence in Peru and Mexico. Kandeo secured commitments of USD 377m in predecessor equity funds, completed 14 equity investments and realized 3 divestments. Fund 3 will be focused in providing senior secured debt to mid-sized enterprises and has a target total fund size of USD 150m.
Key information
- Sector:
- Financial Inclusion
- Commitment (MNOK):
- 5.3
- Year:
- 2021
- Region:
- Latin America
- Country:
- Regional
- Domicile:
- Canada
- Instrument:
- Funds
- Status:
- Active
- Mandate:
- Development
Kandeo Fund 3 Debt investments
| Investee | Sector | Country |
|---|---|---|
| Lingo Leasing | Mexico |
Additionality for Kandeo Fund 3 Debt
This investment is particularly additional on the following ambitions:
- Investing in the most capital constrained markets
- Investing in the most difficult business environments
- Investing in sectors with high development needs
- Investing in high risk instruments
- Targeting underserved segments
- Mobilising private investors
- Taking an active role in investments
- Improving social and environmental performance