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.
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