Mr. Speaker, with regard to (a), funds like CASEIF IV submit drawdown requests to all the Limited Partners specifying the application of funds including details on the portfolio companies that will be supported with the funding request. Application of funds are allocated based on the drawdown request. CASEIF IV and other similar financial intermediaries provide quarterly and annual reporting that includes portfolio updates, Financial Statements and a Capital Account Statement with the value attributable to each Limited Partner.
With regard to (b), CASEIF IV and other similar financial intermediaries provide quarterly and annual reporting that includes portfolio updates, Financial Statements and a Capital Account Statement with the value attributable to each Limited Partner.
With regard to (c), CASEIF IV is a generalist growth equity fund for small and medium sized enterprises in Central America, Panama, Dominican Republic and Colombia. CASEIF IV supports companies within key target sectors, namely the agribusiness value chain, renewable energy (up to 25MW generation), food and beverages processing, manufacturing, education and IT, that promote development and fight poverty by enhancing sustainable growth in alignment with FinDev Canada’s development impact goals. As of today, the CASEIF IV investment portfolio consists of two entities, a loan to a retail company and an equity investment in a food and beverage processing company.
With regard to (d), in accordance with FinDev Canada’s Development Impact Framework, eligible transactions are assessed for their current and potential development impact on women’s economic empowerment, climate action and local market development. Contributions from FinDev Canada and other Limited Partners towards investments administered by CASEIF IV are governed by a Limited Partners Agreement (LPA) that includes an Investment Policy with each of the Limited Partners participating pro rata in each of the underlying investments unless a predefined opt out criteria is communicated upfront.
Compliance with the LPA and other Fund Documents are monitored via the quarterly and annual reporting and compliance undertakings provided with each drawdown request. The Limited Partners Advisory Committee meets at least annually or more frequent when required for decisions that required Advisory Committee approval. Deviations from the Investment Policy requires Advisory Committee approval. As a limited liability partner, FinDev Canada does not participate in the management of the Fund.
With regard to (e), FinDev follows up to ensure that its requests are respected through review of quarterly and annual reporting, quarterly valuation review, monitoring reports, request for additional information if required.
With regard to (f), CASEIF IV is in good standing with all requirements having been respected to date.