Victus Fund
VICTUS Fund will invest in projects that bring innovation to agriculture, through the development of new products, and using new management or technical technologies. The project¿s objective is to strengthen the growing cluster of agriculture innovation; bringing new ideas and creating work in rural areas in Andean countries, mainly Chile, Peru and Colombia. In these countries there is an important asymmetry between capital and information. Entrepreneurs with know-how lack capital to develop their investments. The projects financed by VICTUS will be developed alongside the ¿partner-entrepreneur¿; an entrepreneur who has the know-how but lack necessary capital. The idea for this Fund is to replicate in Latin America, the model implemented via the two former Funds that Sembrador managed in Chile. To make this possible VICTUS needs to be a USD 100 million fund. The fund¿s sustainability will be reached with the target capitalization of USD 100 MM that will allow funding projects in the Region until they become successful on their own.

Project Detail

Country

Regional

Project Number

RG-Q0018

Approval Date

November 14, 2012

Project Status

Implementation

Project Type

Equity

Sector

AGRICULTURE AND RURAL DEVELOPMENT

Subsector

AGRIBUSINESS

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 100,000,000.00

Country Counterpart Financing

USD 95,000,000.00

Original Amount Approved

USD 5,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-13514-RG Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-13514-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Equity Financing