Blue like an Orange Sustainable Capital has closed its first fund, raising just over US$ 200 million for its Latin America Fund I. The Fund focuses on mobilizing private, primarily institutional, capital for Latin America, and counts over 25 investors as Limited Partners -  including AXA, HSBC, CNP Assurances,  BNP Paribas Cardif, SG Insurance, and MACSF, alongside several family offices, including those of private equity and social impact pioneers, Sir Ronald Cohen, and Ray Chambers.

The Fund has a co-financing agreement with the Inter-American Development Bank's private-sector lending arm, IDB Invest, with Blue like an Orange and IDB Invest working jointly to originate, structure and execute transactions – allowing both groups to leverage each other and deploy even more capital to the region.  In addition, and important as the current pandemic is making clear, the close relationship to IDB Invest enhances connectivity to governments across Latin America and allows Blue like an Orange to benefit from the Inter-American Development Bank's deep understanding of the macro-economic and political situations across the region.

The Fund, which has already invested over US$ 80 million, provides private credit primarily in the following thematic areas – Access to Finance, Infrastructure and Technology Enabled Services, Agriculture, and Social Infrastructure – such as Healthcare and Education. To date, IDB Invest has deployed over US$ 40 million in funding to certain transactions alongside Blue like an Orange, and both groups expect to jointly commit over US$ 50 million more for the co-financing of new mezzanine transactions within the next several months – reflecting the strong demand for this sort of capital in the region.

Recent transactions include efforts to expand equitable access to transportation, through the ride-hailing company, Cabify; providing IT services to small-to-medium size enterprises and other key groups in Brazil through Qintess; providing increased access to financial services and "climate-finance" in Ecuador through Produbanco, and to the underbanked, in Colombia, through Movii.