| Project Detail |
IDB Invest is proposing an investment of US$10 million as a limited partner in Bicycle I, L.P. (the “Fund”), a Private Equity (“PE”) fund incorporated under the laws of Delaware. The Fund will target 10-15 investments in growth-stage companies harnessing the power of data and technology to redefine industries exclusively within rapidly developing in Latin America and the Caribbean (“LAC”). The investment ticket size will be typically between US$20 million–US$50 million in series B and beyond. The Fund will focus on 75% of the capital will be allocated to initial investments and around 25% will be reserved for follow-ons investments. The Fund will secure board seats at the investee companies and play an active role, leveraging Bicycle’s global relationship network to the benefit of the Fund’s portfolio companies. The Fund will be managed by Bicycle Management Company, LLC (“Bicycle” or the “Fund Manager”). Established in 2023, Bicycle was founded by leading investors and operators active in LAC in recent years. With a target size of US$500 million, the Fund will be one of the largest regional PE growth funds managed by a local LAC manager. |
