Montreal (Quebec), 19 December 2024 – Canada’s bilateral Development Finance Institution, FinDev Canada, announces a US$ 40 million equity commitment to Creador VI L.P (“Creador VI” or “the Fund”), a private equity (“PE”) fund operating in the Indo-Pacific with a target fund size of US$ 800 million. The Fund will be managed by Creador Management VI Ltd. (the “Manager”), representing the Manager’s sixth successive fund in the Indo-Pacific region.
By participating, FinDev Canada will foster sustainable economic growth in the Indo-Pacific, enabling Creador VI to provide support to growth-oriented, mid-cap enterprises across multiple countries in the region, including Malaysia, Indonesia, the Philippines, and India. The Fund has attracted investment from some of the world’s largest institutions, including the development finance community, and will target sectors, such as consumer, retail, financial services, and business services. This supports market development, gender-related action, and poverty reduction efforts.
The Fund Manager is committed to promoting gender equality both within the firm and across its portfolio. This includes implementing a Gender Action Plan, increasing women’s representation in its workforce, and offering gender advisory services to portfolio companies. This will be the Manager’s first 2X aligned fund.
It is estimated that achieving the UN Sustainable Development Goals requires an average annual financing of US$1.5 trillion in the Indo-Pacific. However, the region faces a significant gap, particularly in terms of access to capital, which severely impacts the growth of small and medium enterprises (“SMEs”). As a result, private sector support through PE is critical for local businesses unable to access capital through traditional channels. Endue Capital, an advisory firm, acted as the introductory bridge between the parties.
“FinDev Canada is proud to work with Creador on its first fund commitment in the Indo-Pacific. As the world’s fastest growing economic region, the Indo-Pacific allows us to deliver sustainable development, and Creador will be our first Fund to deliver on this mandate. By supporting mid-cap firms, we are creating jobs, reducing poverty, promoting financial inclusion, and developing new and existing markets. This is part of our broader FinDev Canada strategy to increase our global impact and make the Indo-Pacific a bigger piece of our portfolio,” said Paulo Martelli, VP and Chief Investment Officer at FinDev Canada.
“We are delighted to partner FinDev Canada on its first fund investment in the region and it gives us great pride that Creador was selected for this landmark initiative. With shared principles, we are confident that this relationship will lead to positive outcomes including significant job creation, advancing gender equality, the development of local manufacturing, and greater financial inclusion for millions of individuals,” said Omar Mahmoud, Managing Director at Creador.
About FinDev Canada
FinDev Canada is Canada’s bilateral Development Finance Institution (DFI), supporting development through the private sector. We provide financing, investment, and blended finance solutions, as well as technical assistance and advisory, to promote sustainable and inclusive growth in emerging markets and developing economies (EMDEs), in alignment with the Sustainable Development Goals (SDGs) and Paris Agreement commitments. Find out more about FinDev Canada at www.findevcanada.ca.
About Creador
Founded in 2011, Creador has raised over US$ 3 billion in Assets Under Management across six funds on behalf of many of the world’s largest development institutions, insurance companies, university endowments, pension funds, and government-linked entities, as well as private wealth managers and individuals. With a strong on-the-ground presence in the region, Creador seeks to back companies that wish to leverage its in-house value creation team to enhance business operations; expand internationally or pivot into new areas of growth.
Media Contact
FinDev Canada: Media@findevcanada.ca