A new debt fund providing Colombian peso–denominated loans for infrastructure and renewable-energy projects in Colombia has achieved its first close, according to Sumitomo Mitsui Banking Corp., a member of Tokyo-based SMBC Group, and LarrainVial, an independent Latin American financial services company. The total fund size is up to COP900 billion ($200 million).
The debt fund will help finance private and public projects, ranging from transportation and telecom to water, wind farms, schools and hospitals, while meeting the investment needs of institutional investors in Colombia. The vehicle leverages deep financial expertise in support of Colombian infrastructure and renewable-energy projects.
SMBC is the leading international bank to provide infrastructure and renewable energy project finance services in Colombia, and LarrainVial is one of the oldest and largest financial intermediation and advisory firms in Latin America.
“SMBC is committed to enabling the