Gramercy Funds Management Invests US$34 Million in Grupo Credivalores (Latin America)
Source: Gramercy Funds Management
Emerging markets-focused investment manager Gramercy Funds Management has invested US$34 million in Colombia-based consumer finance company Credivalores-Crediservicios, its affiliates and its subsidiaries (together known as Grupo Credivalores). Grupo Credivalores offers credit to low- and middle-income populations in Colombia. The company intends to use the capital to fund an upgrade of its technology platform, as well as strengthen its management team and improve its capital structure.