Central America Growth Fund, L.P.

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Project Number: 
RG1069A-01
Expected Consideration Date by the Board: 
10/12/2000
Date Posted: 
09/01/2000
Company: 
Provident Group Limited
Financing Requested: 
Sector: 
Financial Services
Location: 
Central America and Panama
Scope Objective: 
Project Description: The project consists of a US$5.0 million participation in The Central America Growth Fund, L.P., a Delaware limited partnership ("the Fund") whose aim is to invest mainly in securities of privately held small and middle market growth-oriented companies in Central America and Panama. The Fund has an eight-year life and a target capitalization of US$50 million. The Fund will focus on six primary industry areas: a)retailing; b)food and beverage processing; c)manufacturing; d)media and telecom; e)tourism; and f)differentiated export products.
Environmental Review: 
This is a category III project according to the IIC's environmental and labor review procedures. Each investee company must comply with the environmental laws, regulations, and standards of the respective eligible jurisdictions, as well as with applicable IIC environmental and labor policies. Each company must also be in compliance with all the occupational health, labor, and safety laws and regulations of the eligible jurisdictions. The General Partner will certify that all investee companies will meet all applicable law, regulation and IIC policies regarding environmental, labor, and occupational health and safety.