IFC invests in HMC Andean Private Debt Fund
The International Finance Corporation has agreed a $20 million investment in the HMC Andean Private Debt Fund, a private debt fund that will provide financing to middle-market enterprises (MMEs) in Colombia, Peru and Chile.
The investment will allow HMC to providefinancing to MMEs in the context of the COVID-19 pandemic. HMC aims to have a total capitalization of up to $100 million and will be managed by HMC Capital, a global investment and advisory platform with focus on alternative assets.