IFC Makes $30M Anchor Investment in Nexxus Private Debt Fund

The International Finance Corporation announced that it has made a $30M anchor investment in Nexxus Private Debt Fund II, which targets investments in small- and medium-sized enterprises (SMEs) in Mexico.

IFC has been in partnership with Nexxus since 1999 and will act as the anchor investor for Fund II. The $30M initial commitment from IFC represents 20% of the total invested in the fund.

The fund specifically seeks to address issues faced by SMEs in Mexico, especially when it comes to nearshoring opportunities, where a lack of access to long-term capital is problematic. IFC Country Manager for Mexico Juan Gonzalo Flores said investing in the fund aligns with the organization’s commitment to promoting economic growth through nearshoring.

Source: https://www.ifc.org/en/pressroom/2024/ifc-invests-in-nexxus-to-expand-access-to-finance-for-smes-and-support-nearshoring-opportunities-in-mexico