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Supporting employment and gender equality in Latin America
Project
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Signature date
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Location
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Chile, Colombia, Mexico, Peru, Multi-country Latin America and the Caribbean
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Financing tool
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Financing amount (Euro)
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14100000
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Financing details
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USD 15m equity investment
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Customer
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Linzor Capital Partners IV, L.P.
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Type of customer
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Investment fund
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Project number
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PZZ1669
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Environmental and social ranking
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IF-B
This information is given at the time of signature, without prejudice to any developments in the operation/project.
Proparco has invested in the Linzor IV fund and is thereby supporting the private sector in Latin America, especially in Mexico, Colombia, Peru and Chile.
Client presentation
Founded in 2006, Linzor is a majority private equity mid-market fund dedicated to Latin America, primarily targeting Mexico, Colombia, Peru and Chile.
Project description
The project aims to support the private sector in Latin America and act as a catalyst by investing in the first closing of the Linzor IV fund (with a target size of USD 250m). The objective is to help a recognized and experienced team raise its fourth fund.
Project impact
The main expected effects and impacts from this financing are as follows:
- Some 3,000 jobs created and/or maintained in the fund’s investee companies
- Contribution to the reduction of gender equalities. As 42% of the management company’s staff are women and there is a commitment for a minimum of 30% of the investee companies to fulfil at least one direct criterion, the project qualifies 100% for the 2X Challenge initiative (criteria 3 “Employment” and 5 “Indirect”).
The project will contribute to SDGs 5 (“Gender equality”), 8 (“Decent work and economic growth”) and, in view of the investments the fund is expected to make in the health and education sectors, SDGs 3 “Good health and well-being” and 4 “Quality education”.