(Press Release) Mexican impact fund Adobe Capital launched its second US$40m investment vehicle. Adobe Mezzanine Fund II (AMFII) will continue to focus on supporting the early growth of social and environmental enterprises in Mexico.
Following on the success of its flagship Mexico-focused fund, Adobe Capital now is launching its second US$40m investment vehicle. Adobe Mezzanine Fund II (AMFII) will continue to pioneer the use of tailored, quasi-equity financial structures focused on supporting the early growth of social and environmental enterprises in Mexico.
Adobe Capital is the only fund in Latin America currently offering founder-friendly mezzanine structures that incorporate royalty-based repayment structures that respond to the needs of local entrepreneurs. To this effect, Adobe Capital provides value added financing based on the actual needs of each entrepreneur and favoring structures that do not require an eventual sale of the company to achieve liquidity.
Over the past 12 years, Adobe Capital, together with its sister organization New Ventures, has become the leading impact investment and business acceleration platform in Latin America focused on supporting the growth of emerging impact businesses in the region.
In 2012, Adobe Capital launched its first impact fund, which raised US$20m from leading international institutional investors and to date has completed six investments in key development sectors such as healthcare, education, low-income housing and alternative energy.