DIC Latin American Fund IV, L.P. (Darby IV), the first private credit climate finance fund in Latin America and the Caribbean (LAC), will receive a combined investment of 65 million dollars from FinDev Canada, IDB Invest and the Andean Development Corporation (CAF).

Darby IV is a 10-year climate-focused debt fund with a target size of 400 million dollars, managed by Darby International Capital LLC. The Fund will allocate at least 40% of invested capital to climate finance transactions and will also provide portfolio clients with guidance on building capacity to identify and mitigate climate risks, enabling businesses and projects to better adapt to the effects of climate change.