Axa, BNP Paribas Cardif, CNP Assurances and SG Insurance have backed the investment firm's first regional vehicle, which has already deployed $80m.
Luxembourg-based investment firm Blue Like an Orange Sustainable Capital has closed a Latin America-focused fund with limited partners including insurers Axa, BNP Paribas Cardif, CNP Assurances and SG Insurance at $200m.
Financial services firm HSBC, pension fund MACSF and family offices for Ronald Cohen and Ray Chambers also made commitments to the Latin America Fund I along with undisclosed additional investors.
Founded in 2017, Blue Like an Orange concentrates on mezzanine financing deals supporting the United Nations’ Sustainable Development Goals…