October 10, 2018 |
Multilaterals institutions IFC, IDB Invest and BNDES have agreed terms over an investment fund for medium-sized companies with revenues below BRL1.5bn ($403.9m).
The Brazilian national development bank said the fund will be managed by Patria Investmentos and comprised of 19 shareholders including pension funds, institutional investors and family offices.
IFC will contribute BRL188m, while BNDES and IDB Invest will contribute BRL250m and BRL160m, respectively. The Brazilian development bank said
Trio of multilateral lenders come together to mobilize funding for medium-sized businesses