SilverBlue Mezzanine Funds has acquired the debt of Vector Partners as part of a plan to structure a second private debt fund targeting a 4-billion-peso raise. According to expansion.mx, the initiative aims to drive growth for Mexican companies in strategic sectors such as retail and tourism.
This new fund will focus on companies seeking capital in the range of 80 million to 300 million pesos. The strategy addresses the critical need for capitalization in a market where access to credit for small and medium-sized enterprises (SMEs) remains limited.
Data from expansion.mx reveals that only 26% of SMEs in Mexico successfully secure financing. This figure stands in stark contrast to countries like Chile and Colombia, where access rates exceed 100%.
Boosting strategic sectors
The management team behind this private debt vehicle has already provided financing to 11 expansion projects across eight domestic companies. Beneficiary sectors include advertising, food, healthcare, water purification, and those tied to the nearshoring phenomenon.
The current fund, launched in 2017, was one of the country's first structured private debt vehicles. During its initial stage, it successfully raised over 2 billion pesos with backing from institutional investors, wealth management offices, and multilateral financial organizations.
The firm aims to position itself as a key partner for high-growth companies within the current economic landscape. "In an economic environment driven by nearshoring and strengthening domestic demand, SilverBlue Mezzanine Funds seeks to establish itself as the go-to strategic partner for expanding Mexican companies, helping to bridge the financing gap faced by high-potential businesses," the firm stated, according to the expansion.mx report.