CAF Promotes Mexican SMEs Through Venture Capital Funds
Once it reaches its maximum size, the fund will become a catalyst for direct investments of more than $550 million in companies, as well as Mexican and Latin American projects with high development potential. Mexico Fund of Funds II will become a benchmark investor in the national market and will help maintain the high growth rate of the Mexican economy, as well as promote the implementation of international best practices in sustainability and corporate responsibility.
In addition to the equity investment, CAF also will contribute with its know-how in the management of venture capital funds in Latin America. It will also support the implementation of best practices in social and environmental protection.
Equity investment in Evercore Mexico Capital Partners III
The second agreement was the $10 million equity investment in the Evercore Mexico Capital Partners Fund III. The fund will focus on investing in companies with high growth potential and provide goods and / or services to the Mexican domestic market. This is the third Mexican fund to be managed by the Evercore firm, expecting to repeat its previous funds' success, which, among other investments, supported the development of flagship companies such as Volaris, Morepharma, Ike Assistance, Lipu Transporte. The fund will be a catalyst for direct equity investments of up to $150 million.The agreement was signed by CAF President Enrique Garcia, Evercore Mexico CEO Pedro Aspe, and Fund Executive Director Alfredo Castellanos. Equity investment in Adobe Social Mezzanine Fund I The third agreement was CAF's $2 million equity investment in Adobe Social Mezzanine Fund I. Adobe Social Mezzanine Fund I, L.P. is a venture capital and technical assistance fund that will make equity investments or buy subordinated debt in small companies or those in their early stages of growth, with a social and environmental focus. This fund seeks to support the early growth of companies offering products and services that have significant impact and improve the quality of life of a large number of people, with particular emphasis on underserved communities.
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