By joining this transaction alongside Proparco, ILX supports the mobilisation of private finance and contributes to risk-sharing efforts that allows to mobilise additional investors. The partnership underscores a shared commitment to driving private sector mobilisation for high-impact projects in emerging and developing economies.
Manfred Schepers, CEO of ILX, and Françoise Lombard, CEO of Proparco
ILX Management has participated in a syndicated loan arranged by Proparco, the private sector arm of the French Development Agency (AFD Group). Acting as lead arranger of the syndication, Proparco structured and led the transaction, with ILX taking over a portion of the loan on its own books. This contribution supports the mobilisation of private capital, in line with ILX’s focus on financing projects aligned with the UN Sustainable Development Goals (SDGs) and climate objectives.
This investment reflects ILX’s strategy of co-investing alongside Development Finance Institutions (DFIs)and Multilateral Development Banks (MDBs) to scale private capital flows toward sustainable development and climate finance in emerging markets.
This transaction also supports Proparco’s strategic objective of mobilising greater volumes of private finance to amplify its impact.
This transaction is part of a long-term partnership between ILX and Proparco, and illustrates Proparco’s broader push to increase its efforts to include private financing in its transactions.
Françoise Lombard, CEO of Proparco, stated:
“We are proud of this partnership with ILX which is key to our mobilisation strategy and to channelling more private capital towards sustainable development in emerging markets and developing economies.”
Manfred Schepers, CEO of ILX Management, mentioned:
“We are excited to have completed our first transaction with Proparco and look forward to many more impactful projects that grow our portfolio and deliver both impact and returns for our investors”
About Proparco
Proparco is a subsidiary of the Agence française de développement group (AFD), and has been working alongside private-sector players for over 45 years, in favour of a fairer and more sustainable world. With an international network of 23 local offices, Proparco works closely with its partners in order to build sustainable solutions to environmental and social challenges in Africa, the Middle East, Asia and Latin America. Proparco has sector-specific expertise, a diversified range of financial tools adapted to the different stages of a company’s development, notably through its subsidiary Digital Africa, and a technical support offer, Propulse, to leverage the impact and performance of its partners.
With its new 2023-2027 strategy “Acting together for greater impact”, Proparco is exploring, strengthening and amplifying its modes of intervention with its partners. Find out more: https://www.proparco.fr/fr/strategie.
Contacts: presse@proparco.fr
For more information: http://www.proparco.fr | @Proparco | LinkedIn
About ILX
ILX is an Amsterdam-based private credit manager specialising in global development finance investment strategies. It primarily focuses on UN Sustainable Development Goals (SDGs) and climate finance in emerging markets, and it is driven by a diversified, long-term, and impactful investment approach. This approach is underpinned by strong partnerships with global Multilateral Development Banks (MDBs) and Development Finance Institutions (DFIs) and centres around B-loan participations in SDG-aligned investments, particularly within the realm of climate finance. ILX Fund I was launched in 2022 with incubation support from the German, Dutch, and UK governments and with cornerstone commitments from Dutch pension fund managers APG on behalf of ABP and bpfBOUW and Achmea Investment Management on behalf of Pensioenfonds Vervoer. ILX Fund II was launched in 2024 with commitments from Danish pension providers Sampension and Akademiker. For more information here: ILX Fund – SDG-Focused Emerging Market Private Debt. Linkedin.
For more information:
Sofia Vega, Communications ILX, s.vega@ilxfund.com