CORECO

  • Region: Latin America
  • Country: Regional
  • Sector: Financial services
  • Year: 2012
  • Domicile: Delaware
  • Instrument: Fund
  • Commitment (MNOK) as of 31.3.2017: 76.7
  • Original Commitment (MNOK): 76.7

CoreCo Central America Fund I, L.P. (“CoreCo”) is dedicated to growth equity investments in Central America. The Fund’s investments typically will be structured as senior preferred equity or convertible debt and generally will range in size from 1MUSD to 5MUSD. Norfund investment will allow Central American companies to expand and regionalize, generating employment and contributing to economic growth.

The aim of the fund is to provide financing to SMEs with high growth potential, helping to stimulate growth of the venture capital industry and the private sector. The fund will focus on the following sectors: business services, healthcare, IT, financial services, telecommunications, consumer goods, retail and logistics. 

The main co-investors are IDB, IFC, BIO and Obviam.

Indirect investments

Investee Sector Country
Directores Estrategicos S.A. (SAV-A-LOT) Wholesale and retail Guatemala
SGSS Wholesale and retail Costa Rica
Total Pet SA Manufacturing Costa Rica

Norfund - The Norwegian Investment Fund for Developing Countries

Fridtjof Nansens Plass 4
N-0160 Oslo