IDB Invest to support Central America, Dominican Republic, Colombia through new fund

IDB Invest has invested $10 million in CASEIF IV L.P., a new mezzanine debt and private equity fund managed by LAFISE Investment Management Ltd. that will provide mezzanine finance and equity for high-growth potential mid-sized companies in Central America, Panama, the Dominican Republic, and Colombia. With a target size of $75 million and $450,000 of technical assistance funds, CASEIF IV is expected to be the largest local mezzanine fund focused on mid-sized companies ever raised. By providing incremental access to mezzanine and equity financing options, CASEIF IV is expected to help local companies unlock productivity gains, expand operations, including cross-border expansions, and capitalize on global supply chain integration opportunities. It may also contribute to job creation, and alleviating the effects of both the Covid-19 crisis and recent hurricane storms, as well as help reignite economic growth in Central America in the aftermath of the pandemic.