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Proparco invests in Lightrock Latam Fund II to support tangible development impact in Latin America
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Proparco has committed USD 15 million to Lightrock Latam Fund II, deepening its partnership with Lightrock and increasing its total exposure with the firm to USD 25 million, including Proparco’s previously announced USD 10 million co-investment in ComBio. This new commitment underscores the shared ambition of Proparco and Lightrock to back high-impact businesses accelerating the transition to a more sustainable, inclusive and resilient economy across Latin America.
Lightrock Latam Fund II is focused on investing in businesses that combine strong growth potential with measurable impact. Through this commitment, Proparco and Lightrock aim to support entrepreneurs and management teams building solutions in sectors that are critical to the region’s future and result in significant environmental and social impact, including energy transition, resource efficiency, access to essential services, and productivity theses.
Proparco’s commitment builds on an existing relationship with Lightrock in Latin America. In the previously announced ComBio transaction, Proparco invested USD 10 million via a Lightrock managed co-investment vehicle to support renewable thermal energy and industrial decarbonization. That investment marked Proparco’s first direct equity investment in the climate sector in Brazil and reflected its growing commitment to scaling high-impact climate solutions in the country.
With its commitment to Lightrock Latam Fund II, Proparco is extending that collaboration from a single-company investment to a broader platform designed to identify and scale businesses capable of delivering both commercial performance and tangible development impact throughout the region.
Stéphane Froissardey, Deputy Head Investments, Proparco
“We are pleased to build on our relationship with Lightrock through a USD 15 million commitment to Lightrock Latam Fund II. Building on our co-investment in ComBio, this new commitment broadens our collaboration around a shared objective: supporting high-impact companies that contribute to decarbonization, resilience and inclusive growth across Latin America. We believe Lightrock is well positioned to identify and support businesses that can combine scale, innovation and measurable impact.”
Marcos Wilson Pereira, Managing Partner and Head of Latam, Lightrock
“We are proud to welcome Proparco as an LP in Lightrock Latam Fund II. Their USD 15 million commitment is a strong endorsement of our strategy and of the opportunity to back exceptional entrepreneurs solving some of Latin America’s most pressing challenges. Combined with Proparco’s earlier USD 10 million co-investment in ComBio, this brings Proparco’s total exposure with Lightrock to USD 25 million and reflects a joint conviction in the region’s potential to deliver both attractive returns and meaningful impact.”