IFC Announces US$30 Million Investment in Fund Managed by BEEL Infrastructure Partners to enhance Mexico's infrastructure, energy and real asset sectors

Washington DC, May 7th, 2025. The International Finance Corporation (IFC), a member of the World Bank Group, announced an investment of up to US$30 million in BEEL Sustainable Credit II, a private debt fund managed by BEEL Infrastructure Partners. This investment aims to enhance Mexico's infrastructure, energy and real asset sectors, fostering sustainable economic growth and environmental resilience.

Investment in infrastructure is a cornerstone of inclusive growth and a driver of higher productivity. The BEEL Sustainable Credit II fund, with a target size of up to MXN8 billion (approximately $400 million), provides senior and mezzanine debt to infrastructure projects across various sectors, including digital services, energy, transport, logistics, and water and sanitation. The increased participation of capital market investors is key to crowding in long-term private funding to help close the country's infrastructure gap.

Through this investment, IFC aims to increase access to finance for infrastructure projects and support the deepening of capital markets by promoting an underdeveloped asset class in Mexico. IFC expects this investment to demonstrate the catalytic role and viability of infrastructure debt funds in mobilizing institutional investors. This will help mainstream infrastructure debt as an investable asset class, creating more opportunities for local institutional investors and pension funds to invest in infrastructure. Additionally, it will facilitate the financing of greenfield and brownfield infrastructure projects with more flexible instruments, including mezzanine financing, to optimize the underlying capital structures.

The investment supports the Fund's efforts to mobilize up to US$370 million equivalent in Mexican pesos from local institutional investors, such as insurance companies and pension funds, as well as other development finance institutions. IFC will share its knowledge and expertise to support the Fund Manager towards enhancing corporate governance and investment practices and procedures, environmental and social (E&S) risk management, including IFC's Performance Standards.

Gerónimo Gutiérrez Fernández, BEEL´s Managing Partner, stated: "We are very pleased to take this important step in our partnership with IFC. It strengthens BEEL's ability to provide innovative and long-term financing structures for sustainable infrastructure projects in Mexico and enhances our day-to-day operations and investment decisions. We are particularly proud of serving as a vehicle for IFC's first infrastructure focused debt fund in Mexico and its strong commitment with the economic development of the country".

Cheryl Edleson Hanway, Director of Infrastructure, Energy, and Mining for IFC in Europe, Latin America, and the Caribbean, stated: "By increasing participation of institutional investors and promoting access to long-term private finance for infrastructure projects, the investment will help spur productivity growth, harness nearshoring opportunities, and improve the quality of Mexico's overall infrastructure which is essential for economic growth in the context of limited fiscal space for public investments. IFC's investment in BEEL Sustainable Credit II underscores our continued commitment to supporting sustainable infrastructure development in Mexico. We are very pleased to be partnering with BEEL in our first infrastructure focused debt fund in Mexico".

IFC's investment of up to US$30 million equivalent in Mexican pesos will help increase the availability of long-term debt financing for infrastructure projects in Mexico. The fund aims to allocate 50% of its capital to projects, including renewable energy generation, electric mobility, and waste and water infrastructure.

About BEEL Infrastructure Partners.

Founded in 2018, Beel Infrastructure Partners is a specialized asset management and advisory firm based in Mexico City, specialized in structured financing for infrastructure, energy and real asset projects. Beel currently manages 3 funds, with more than US$500 in AUM´s, and has invested in 16 projects to date. For more information, please visit www.beelcredit.com