Ashmore Andean Fund III is a growth equity fund that seeks to invest in infrastructure and established businesses across highly impactful sectors such as renewables, transport, healthcare, education, water, waste management, telecom, and logistics in SIFEM priority countries Colombia and Peru.

Both Colombia and Peru were severely affected by Covid and its economic repercussions, including high inflation and interest rates. This has left both countries in a challenging economic context, and companies face difficulties in accessing long-term finance. Through this investment, SIFEM contributes to filling a financing gap for important infrastructure projects and growth companies. The fund’s investments are expected to provide access to services for underserved local populations and contribute to social inclusion, decent jobs, and climate change mitigation.

 Ralph Keitel, CIO of SIFEM, stated: “We’re excited to continue our successful collaboration with Ashmore Colombia in Latin America. The fund manager is a long-term partner of SIFEM and has proven to deliver solid results, both financially and in terms of impact generated.”