LAGreen Fund
Investment Details
Investor Type
Fund of Funds
Asset Class Focus
Fixed Income (Debt and Bonds)
Stage Focus
Growth, Late Stage
Geographical Focus
Brazil, Mexico, Chile, Argentina, Colombia, Peru, El Salvador, Bolivia, Panama, Uruguay, Venezuela, Dominican Republic, Costa Rica, Ecuador, Paraguay, Guatemala, Honduras, Nicaragua, Belize, Jamaica
Industries Focus
- Renewable Energy
- Circular Economy
- Energy Efficiency
- Water Treatment
- Sustainable Agriculture
- Sustainable Transportation
- Water Conservation
- Biodiversity
- Climate Change Adaptation
- Sustainable Use of Natural Resources
- Land Use
- Green Buildings
- Sustainable Fisheries
- Sustainable Agriculture in Coastal Areas
- Sewage Connectivity
Investment Size:
5,000,000 to 50,000,000 USD
Investor Details Founded: 2020
LAGreen Fund is the first green bond fund dedicated to Latin America and the Caribbean, established to support new issuers of green bonds through technical assistance and investments. Its primary objective is to facilitate access to financing for green initiatives, thereby promoting the transition to a green economy in the region. The fund emphasizes high-impact standards for green bonds, focusing on the environmental and social benefits of supported projects, as well as the integrity of green credentials, reporting, and impact assessment.
The fund's investment strategy targets sectors such as renewable energy, energy efficiency, climate change adaptation, sustainable transportation, and sustainable use of natural resources. It has participated in various bond issuances across multiple countries, including Colombia, Peru, Costa Rica, Ecuador, Panama, Brazil, and Mexico. Notably, LAGreen invested USD 5 million in Costa Rica's inaugural blue bond, issued by Banco Nacional de Costa Rica, marking a significant step in supporting the blue economy and sustainable development in the region.
LAGreen Fund operates with a mixed capital structure, initially funded by the European Union and the German Federal Ministry for Economic Cooperation and Development, with plans to leverage private sector investments in subsequent stages. The fund also offers technical assistance to potential green bond issuers, supporting all stages of bond preparation to enhance the quality and impact of green financing in Latin America and the Caribbean.
Requirements
- Projects must align with green bond principles and contribute to environmental and social sustainability.
Contact
[Official Website Hidden]
[Email Hidden]
[Contact Number Hidden]
Portfolio Companies
- Banco Nacional de Costa Rica
- Banco Promerica Costa Rica
- Banco Interamericano de Finanzas (BanBif)
- Operadora de Servicios Mega
- Banco de Bogotá
- Banco Internacional
- Cifi
- BBVA
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