Approval for US$10 million investment in Enfoca Discovery 1 L.P. fund
- The fund will be formed by international institutional investors interested in investing in risk capital in Peru
- It offers an opportunity for private capital to invest in sectors with high potential growth but limited access to the capital market.
The fund will be managed by Enfoca Inversiones, an investment fund management company owned by the Enfoca Group. The investment commitments to Enfoca Discovery 1 L.P. could reach US$150 million. The amount initially committed is $80 million.
CAF President & CEO Enrique García said the equity interest of the multilateral financial organisation would make the fund more visible to international institutional investors, giving it access to sectors with growth potential which are difficult to assist directly.
On the particular situation of Peru, García said the country had a sound economy where most investment goes to traditional sectors such as mining, primary industries and infrastructure, which opens up an opportunity for private investment capital in sectors with high growth potential such as retail, consumer goods, construction, education and healthcare.
"With the fund as vehicle, CAF can support companies with growth potential which, despite performing well, are still not able to access capital markets. With this action, we are performing our catalytic role which is to attract additional funds to promote the sustainable development of Latin America," he said.
Enfoca Inversiones is an investment fund management company, owned by Enfoca Group, which invests in private equity. Its managed assets are valued at over $280 million. Enfoca Group is a prestigious group of leading financial advisers in the Peruvian corporate market with over ten years experience in the country's main economic sectors.
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