Swiss Investment Fund
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CoreCo Central America Fund I

CoreCo Central America Fund I is a USD 54m fund investing growth equity into Central American SMEs in Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Panama as well as the Dominican Republic. CoreCo invests USD 3-5m in revenue-producing companies that are focusing on domestic demand and aiming to become regional leaders.

CoreCo Central America Fund I

CoreCo Central America Fund I is a USD 54m fund investing growth equity into Central American SMEs in Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Panama as well as the Dominican Republic. CoreCo invests USD 3-5m in revenue-producing companies that are focusing on domestic demand and aiming to become regional leaders.

About the fund

Although not limited by sector, CoreCo targets companies primarily in the following industries: healthcare, financial services, IT/software, consumer goods, retail and logistics business services and telecom/wireless. SIFEM has committed USD 4m to the fund.
Importantly, the fund addresses the lack of growth capital in the Central America, which remains an underserved market for private equity. The capital provided through CoreCo will allow Central American companies to expand and regionalize, generating employment for local populations and contributing to the economic growth and integration of the region. 
CoreCo Central America Fund I is managed by CoreCo Management, Inc., a local fund manager with presence and business networks across Central America. Based on the individual track records of the fund managers, CoreCo is expected to add significant value to its investees by improving operational and financial management, corporate governance and environmental, social and governance (ESG) aspects among others.

Investments by the fund

             
Date Name Country Industry Status
2017 Company 1 Costa Rica Other industrial services Active
2014 Company 2 Guatemala Food products and beverages Active
2016 Company 3 Honduras Wholesale and retail sale Active
2017 Company 4 Guatemala Wholesale and retail sale Active
2017 Company 5 Guatemala Food products and beverages Active
2013 Company 6 Costa Rica Machinery and equipment Active
2017 Company 7 Honduras Personal and household goods Active
Reference code
2012-01
Status
Active
Date of commmitment
June 2012
Date of exit
-
Fund size
USD
54,000,000
SIFEM commitment
USD
4,000,000
Asset class
Private Equity
Investment strategy
Investment through Fund
Fund manager
CoreCo Management