IDB Commits Combined USD30m to Vinci and HMC Funds
Source(s): IDB Invest
IDB Invest has agreed to commit a combined USD30m to funds managed by Vinci Partners and HMC Capital. IDB agreed to invest up to USD10m in Vinci Impact and Return Fund IV, a fund targeting investments in SMEs across the education, health care, IT, and environmentally friendly consumer goods sectors in Brazil; and USD20m in HMC Andean Private Debt Investment Fund, a vehicle focused on SMEs in Peru, Colombia, and Chile. Read more here and here