August 16, 2019 |
Mexico's Altum Capital has raised MXN1.81bn ($92.4m) in a CKD fund, collecting money to finance loans to small businesses, LatinFinance has confirmed.
Strong demand from local pension funds, insurance companies and financial firms allowed Altum to fill almost the entire MXN2bn equity shelf, said founder and CEO Gerardo Legorreta.
The bookrunners Actinver and Invex sold the CKDs for MXN100 each in three rounds, with Altum's partners buying 2.5% in the first round. Altum will use the money from
Mexican debt fund raises $92m to finance SME loans