Darby Overseas Investments raises $300m

The Washington, D.C.-based firm has reached the hard-cap for its third Latin America-focused private debt vehicle.

By
Chin Yuen
-

Darby Overseas Investments has held a final close for its Darby Latin American Private Debt Fund III at $300 million hard-cap.

The fund will invest in mid-market companies in Latin America by deploying capital in the form of senior secured debt with a loan size of up to $40 million.

The fund has already invested in three companies across Latin America: NEOgas, a regional natural gas distributor; Abengoa Peru, a transmission lines and substation operator; and San Victoriano, an agricultural company in Uruguay.

The fund attracted commitments from limited partners including Swiss Investment Fund for Emerging Markets, and repeat investors from the previous funds.