Banco Latinoamericano de Comercio Exterior - Bladex (NYSE:BLX), TC Latin America Partners (TC Latam) and Toesca Asset Management (Toesca) announce the launch of Greenbridge Capital, a regional private lending platform, whose first factoring vehicle will be funded by Bladex.
The joint venture will begin operations in Chile before the end of 2023 with plans to expand to other countries in the region such as Colombia, Peru and Mexico. The first vehicle, with a financing capacity of up to US$200m, will be exclusively focused on the Chilean factoring market.
“Chile is the first step in a regional business plan. Our extensive experience in the factoring market allows us to identify attractive opportunities in a market that is still very fragmented,” said Manuel Ossa, a partner at Greenbridge Capital.
