US$ 100 million commitment from development banks for DIC Latin American Fund IV (Darby IV)

Canada’s Development Finance Institution, FinDev Canada, and IDB Invest have each signed an up to USD 50 million commitment to DIC Latin American Fund IV, L.P. (Darby IV).

Darby IV, managed by Darby International Capital LLC, is the inaugural private credit climate finance fund in Latin America and the Caribbean (LAC), with a target size of USD 400 million over 10 years. The Development Bank of Latin America and the Caribbean (CAF) has committed USD 15 million to this initiative. The fund, supported by FinDev Canada, IDB Invest, and CAF, aims to mobilize both development finance and private institutional capital. Its primary focus is to provide specialized, long-term growth financing to underserved mid-sized enterprises, promoting low-carbon and climate-resilient operations across the region.