ALAOF V NLD, L.P.Status: Approved investment
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Who is our customer
Together with ACON Latin America Opportunities Fund V-A, L.P., the fund will make control equity, protected minority and structured equity investments in middle-market companies in certain countries in Latin America. The Fund is managed by an affiliate of ACON Investments L.L.C. The fund has a target total commitment of US$ 600 million and is ACON's fifth consecutive investment program dedicated to Latin America.
What is our funding objective?
The objective of FMO's commitment is to foster private-sector-led growth and job creation across Latin America, by making risk capital and strong social, environmental and corporate governance practices available to an underserved market segment.
Why do we fund this investment?
Compared to other markets, the penetration of private equity in Latin America is still low, and the availability of structured capital solutions is rather limited. As an investor of ACON Latin America Opportunities Fund V-A, L.P., FMO supports the swift and successful fundraising of a pool of smart capital, that is intended to enhance the availability of structured capital solutions for middle-sized companies across Latin America.
What is the Environmental and Social categorization rationale?
Based on the fund’s investment strategy and pipeline, ACON Latin America Opportunities Fund V-A, L.P. and ALAOF V FMO L.P. have been categorized as Category A in accordance with FMO’s Sustainability Policy. As the fund invests in a diverse set of industries, the actual E&S risks may vary from investment to investment. The fund’s manager has an existing ESMS in place, and FMO is working with the manager to improve the ESMS. Compliance with local regulation and with IFC PS framework for IFC PS triggered transactions will be required. FMO continues to engage frequently with the manager to monitor and provide feedback on the fund’s E&S performance. In addition, FMO will keep engaging with ACON on ways to add value and maximize impact together.
|Date||Total FMO financing|
|1/27/2021||USD 4.00 MLN|
- Latin America & The Caribbean
- Latin America & The Caribbean
- Infrastructure, Manufacturing and Services
- Publication date
- Effective date
- Total FMO financing
- USD 10.00 MLN
- FMO NV
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C)