April 16, 2021
The International Finance Corporation (IFC), part of the World Bank Group, said Thursday that it invested $20 million in a private debt fund manged by the Peruvian investment firm HMC Capital.
HMC plans to raise $100 million for the HMC Andean Private Debt and provide financing to middle-market enterprises (MMEs) in Colombia, Peru and Chile, according to IFC.
"The investment will allow HMC to provide much-needed financing to MMEs in the context of the COVID-19 pandemic," IFC said in a press rele
World Bank's private sector lender commits $20 mln to a $100 mln fund for middle-market companies in Chile, Colombia and Peru