ILX is setting up an Emerging Market (EM) focused private credit fund that will invest in a diversified portfolio of loan participations originated and structured by bilateral and multilateral Development Finance Institutions (DFIs). These hard currency denominated loan participations provide medium and long-term finance to projects and companies across core sectors, such as infrastructure, renewable energy, agribusiness, manufacturing and financial institutions.
The ILX management company will be owned by Cardano Development, which has over 10 years of experience in establishing and managing innovative development finance funds (AUMs US$3.9 billion over 4 funds, 71 FTEs). The ILX management team has on average over 25 years of senior experience in development finance, capital markets and fund management, including the EBRD, FMO, UBS, ING, ABN AMRO and Deutsche Bank.
Through investing in a diversified portfolio of loan participations originated and structured by DFIs, ILX will balance risk and return to create long-term value for its investors as well as to provide its investors with the opportunity to have a positive environmental and social impact across EMs.
As ILX will co-invest with DFIs, that have long-standing development mandates and prudent risk mitigation procedures, its investments go beyond ESG safeguarding and will contribute to the achievement of the UN Sustainable Development Goals (SDGs).