news - Successful closing of Central American infrastructure fund

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Successful closing of Central American infrastructure fund

July 6, 2016

The closing of the Central American Mezzanine Infrastructure Fund II LP (CAMIF II or the Fund) – managed by LAP Latin American Partners (LAP or the Fund Manager)- took place on July 6, 2016 at USD188.2 million.

FMO invested USD 17.5 million in the mezzanine tranche and USD 12.5 million in the equity tranche in May 2014.

LAP successfully raised almost $40 million more than for predecessor fund CAMIF I, thanks to support from repeat investors Inter-American Development Bank (IDB) acting through its agent the InterAmerican Investment Corporation (IIC), International Finance Corporation (IFC), Finnish Fund for Industrial Cooperation Ltd (Finnfund), Mexican Fondo de Fondos (CMIC), and Netherlands Development Bank (FMO), as well as from new investors Oesterreichische Entwicklungsbank AG (OeEB), Swiss Investment Fund for Emerging Markets (SIFEM AG), and Société de Promotion et de Participation pour la Coopération Economique (Proparco).

The Fund focuses on traditional infrastructure, such as power (generation, transmission, distribution and renewable energy), transportation (railroads, toll roads, airports, ports, cargo terminals and other logistics), telecommunication, and water & sanitation. In addition, CAMIF II can invest in natural resources (including agribusiness and other selected sub-sectors), health & education, and in select other sectors such as housing, real estate, industrial parks, manufacturing, and tourism.

CAMIF II is actively identifying new projects eligible for the Fund which include greenfields, expansions, acquisitions, refinancings, and turnarounds. “With CAMIF II, LAP can continue to provide long-term capital and mezzanine financing to medium-sized private sector companies in Central America, Mexico, Colombia, and the Caribbean, partnering with local sponsors, playing a catalytic role in the development of our portfolio companies and creating value for our investors.” say LAP’s partners James Martin and Teseo Bergoglio.

LAP is an SEC-registered investment advisor whose team has invested and is currently managing CAMIF I and CAMIF II. Our dedicated investment professionals located in Mexico, Central America, and at LAP’s headquarters in Washington, D.C., have wide experience in lending and private equity for diverse sectors in Latin America. Building close relations with local sponsors has been key to our investment strategy.

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