IDB Lab is launching the LAC Venture Debt Fund to support Latin American entrepreneurs with venture debt financing. Fund managers with experience in the region are invited to submit proposals to manage the new fund. Details here; proposals due by April 15.
Request for proposals – LAC Venture Debt Fund
The Inter-American Development Bank (IDB), through its IDB Lab (former Multilateral Investment Fund), is supporting the use of venture debt as an additional tool to support entrepreneurs and their companies in different stages of growth, especially when this financial instrument can help avoid further dilution to the founding team after a series A financing round.
IDB Lab is interested in receiving proposals from fund managers –ideally from Latin America and Caribbean and with proven experience in the region— who have the skills to manage a fund with these characteristics. For more information on details for this application, go to https://bidlab.org/sites/default/files/pdf/LAC-Venture-Debt-Fund.pdf .
Proposals may be submitted until APRIL 15th, 2018.