EXAGON XIC LATIN AMERICA FUND I

Promoter – Financial Intermediary

EXAGON IMPACT CAPITAL LLC

Location

• Regional - Latin America

Description

Fund focused on equity and equity-like investments, focusing predominantly on renewable energy and related infrastructure sectors in Latin America and the Caribbean.

Objectives

The fund will predominantly target greenfield infrastructure investments in renewable energy and sustainable infrastructure in Latin America and the Caribbean. The fund will have a significant focus on financing and supporting climate action and environmental sustainability in the target region.

Sector(s)

• Energy - Electricity, gas, steam and air conditioning supply
• Water, sewerage - Water supply; sewerage, waste management and remediation activities
• Telecom - Information and communication

Proposed EIB finance (Approximate amount)

USD 30 million (EUR 28 million)

Total cost (Approximate amount)

USD 300 million (EUR 280 million)

Environmental aspects

The fund will be required to develop an environmental and social policy and establish the appropriate management systems so as to comply with the environmental and social requirements of the Bank. The assessment of the environmental and social impacts and risks will be part of the standard due diligence process, which the fund will have to carry out for each underlying investment, thereby ensuring that the portfolio and these investments are in compliance with national law and in line with the principles and standards of relevant EU environmental legislation as well as the EIB's Environmental and Social Standards.

Procurement

The Bank will require the fund manager to take all requisite measures to ensure that contracts for the implementation of the projects financed by the fund are tendered in line with the Bank's Guide to Procurement.

Status

Approved - 20/09/2023