Investment in Mexico Development Fund I
This project seeks to support the creation of a seed capital fund in Mexico, PC Early Stage Fund, which will provide equity investments to 5-8 firms operating in the education, microfinance, and sustainability sectors, including vocational and tertiary education, innovative financial services for low-income segments, organic food and renewable energy. The Fund will be administered by PC Capital Partners, a Mexican-based firm with extensive experience in investment banking and private equity, and will target a capitalization of USD 50 million. For supporting this Fund, the project team is requesting an equity investment of USD 5 million and non-reimbursable technical assistance for a total of USD 350,000.

Project Detail

Country

Mexico

Project Number

ME-M1074

Approval Date

July 25, 2012

Project Status

Closed

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 380,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 380,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-13357-ME Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-13357-ME
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable