Riyadh:Saudi Eksab for International Investments Company, along with IDB Invest and IDC Network, has launched the 'Saudi Eksab, IDC Impact Fund' to support private company growth financing in Northern Latin America. The initiative includes participation from CAF - Development Bank of Latin America and the Caribbean.

According to Saudi Press Agency, Valante Capital is appointed as the fund's manager. The fund targets investment in high-growth consumer-driven sectors such as food, distribution, and retail, focusing primarily on Central America and the Caribbean.

This partnership leverages the strengths of its founding members. Saudi Eksab for International Investments Company provided long-term institutional capital, working with IDB Invest to establish the investment platform. IDB Invest and CAF contribute their regional investment expertise, while IDC Network adds its market knowledge and execution experience.

The collaboration aims not only to invest but also to enhance operational practices and align with international standards. The fund is structured to facilitate future institutional cooperation, encouraging broader participation from institutional investors.

The fund combines Saudi Eksab's capital resources, the regional development know-how of IDB Invest and CAF, and IDC Network's investment skills, creating a robust platform for expanding private-sector opportunities with significant impact in the targeted regions.