The Discovery Americas I, L.P.
Expected Consideration Date by the Board:
Discovery Capital Management L.L.C. and Protego As
This is a proposal to invest direct equity in the low- and middle-income housing vehicle company included in The Discovery Americas I, L.P. ("Discovery" or "the Fund"), an investment fund in Mexico. The investment objective is to seek medium-term capital appreciation by providing project-based preferred equity investment capital to highly qualified and experienced developers who currently lack access to sufficient equity financing. The Fund, through the vehicle company, will help to eliminate the bottleneck perpetuating a chronic shortage of low- and middle-income housing in Mexico, contributing to building approximately 60,000 houses during the next seven years. The company's management has a long-standing track record in Mexican housing finance and significant expertise in the low- and middle-income housing sector.
Environmental Classification and Issues: This is a category III project according to IIC's environmental and labor review procedures. The Housing Investment Company will be subject to an environmental, labor, and safety review in all its investments. Each project must also comply with national environmental and labor laws, regulations and standards in addition to IIC policies. In order to become familiar with IIC requirements and to be able to recognize potential environmental issues, the Sponsor will be required to attend an environmental training course given by the IIC.