Kampala Capital expands O’Connor warehouse facility to up to US$80m for Mexican SMEs

Mexican non-bank lender Kampala Capital has extended and increased a warehouse financing facility with private funds managed by O’Connor Capital Solutions, providing access to up to US$80m to fund short-term loans to small and medium-sized businesses engaged in international trade.

The arrangement, announced on 12 October, expands the institutional funding available to the Monterrey-based lender as it seeks to increase its financing portfolio.

Kampala specialises in short-term cross-currency lending to Mexican businesses involved in importing and exporting goods. Its model is designed to address working-capital requirements arising from international purchasing, payment obligations and mismatches between expenditure and customer receipts.

Under the warehouse structure, institutional capital is made available to support loans originated by Kampala.

Rather than lending directly to individual Mexican importers and exporters, the financing provider backs the specialist lender, which can then use the available capacity to support additional eligible business customers.

The arrangement gives Kampala a potentially scalable funding source as its underlying lending portfolio expands.

Kampala said the extension and increase followed substantial portfolio growth during 2026. However, the company did not publish detailed portfolio performance figures or disclose the previous size of the warehouse facility.

The newly announced US$80m represents the maximum financing available under the expanded arrangement, not an amount confirmed as fully drawn or disbursed to SME borrowers.

Kampala expects the additional capacity to support growth in its loan portfolio to more than US$100m over the next several years. That figure is a company target rather than an achieved lending balance.

O’Connor Capital Solutions is the private-credit strategy of O’Connor Alternative Investments, which operates within the Cantor Fitzgerald Asset Management business group.

The institutional lender has experience across asset-backed finance and corporate capital solutions, providing a source of funding outside conventional commercial-bank lending.

For Mexican trading businesses, short-term financing can be particularly important where import payments and associated foreign-currency obligations arise before the business has collected proceeds from its domestic or export customers.

Such financing can reduce liquidity pressure, although cross-currency lending also requires careful management of exchange-rate exposure.

The parties did not disclose the facility’s pricing, maturity, advance rates, collateral eligibility or currency-risk arrangements.

The transaction highlights the increasing role of institutional warehouse financing in supporting specialist lenders serving smaller companies whose trade-related working-capital requirements may not fit conventional bank products.