IFC adds to HMC fund

IFC adds to HMC fund

Funds Debt World Bank Loans Andean Chile Colombia Peru United States Coronavirus

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

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