ImpactAlpha, June 30 — Swiss impact investor BlueOrchard, in partnership with Global Affairs Canada and IDB Invest, is launching a private debt fund to invest in closing the $100 billion financing gap for micro and small enterprises led and owned by underserved groups in Latin America and the Caribbean.
That includes “women entrepreneurs, Indigenous groups, Afro-descendants [and] migrants,” said IDB’s Gema Sacristan.
The fund, which has a $200 million target, will also provide technical assistance to the enterprises, as well as support financial institutions in building inclusive products and services to accelerate financial inclusion for marginalized populations in the region.
The blended finance fund secured commitments from public investors and private investment funds managed by family offices and pension funds, and is classified as an E.U. “Article 9” fund for its sustainability objectives.