What is InverCapital Funds and how does it operate in the region?
The fund is InverCapital Funds, part of BC Capital in the United States, which also operates in the European Union. It has over 15 years of experience structuring international financing, with transactions carried out in multiple markets.
In Argentina and Mercosur we are working on the evaluation and structuring of projects that can be qualified under concrete guarantees.
Our focus is on structuring financing for productive projects, always with legal and bank backing.
And what was that landing in Argentina like?
We are working on energy, industrial, and infrastructure projects. In renewables, for example, we are already involved in solar energy projects.
Through direct and sustained work with the fund from Argentina, a strategic and formal representation was established in the country, aimed at connecting local projects with international financing structures based on clear and verifiable criteria. This fostered greater confidence in transactions that, due to their demanding nature and required backing, demand direct involvement and ongoing validation.
In total, multiple operations have been supported in Argentina, Mexico and Central America, consolidating an operating model in the region.
You mention renewables, what place does the energy transition occupy within the fund today?
Today we see a great opportunity in renewable energy, especially in solar projects, park expansions and new technologies such as battery storage.
The idea is to support that growth with financing structures that allow the execution of projects that are already in advanced stages.
When you talk about advanced projects, what exactly do you mean?
The main thing is that the project is well-developed and ready to be implemented. We don't fund initial ideas.
For example, in a solar project, the developer should have the necessary permits, authorizations, and a clear production plan. From there, we assess the project's viability.
The second key point is the real guarantees, mainly real estate, that support the operation.
In other words, is the warranty as important as the project itself?
Exactly. Guarantees are central to the model. We work with structures where the operation is backed by verifiable real assets.
That is what allows us to move forward more quickly and provides security to all parties involved.
And what is the process from when they receive a project until it is approved?
We have a structured, multi-stage process. First, the documentation is verified under non-disclosure agreements (NDAs). Then, the guarantees, bank statements, and documentation are validated to ensure they are genuine.
If that instance is approved, in approximately 72 hours it is sent to the committee in the United States, where the final decision is made.
We work with international law firms to ensure the traceability and security of every transaction.
A lot of speed?
Yes, definitely. Agility is key. When information is clear and guarantees are solid, processes can move very quickly.
That is something that often does not happen in traditional financing schemes.
In terms of volume, what scales of financing are you handling today?
We work with different sections:
USD 2 million to USD 5 million
USD 5 million to USD 50 million
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USD 50 million to USD 200 million
And for larger projects, we can structure larger-scale operations, provided the necessary guarantees are in place.
In parallel, the fund maintains an active international operating flow, evaluating and structuring transactions weekly across various productive sectors. This pace entails constant analysis, auditing, and execution work in multiple jurisdictions.
And what kind of projects usually appear in the higher tiers?
In general, this includes infrastructure projects, larger-scale energy developments, or industrial initiatives with strong asset backing.
They are more complex operations, but also have a greater impact.
How are the financial terms structured?
Rates start from an international range, around 7.5% or 8% per year, with adjustments according to the risk profile and guarantees.
In addition, each transaction includes an administrative cost of approximately 5% of the amount, which includes audits, legal processes, and structuring.
How do you see the Argentine market today for this type of financing?
It is a market where it is difficult for projects to move forward, but there are clear opportunities, especially in sectors such as energy, construction and infrastructure.
In addition, specific opportunities are identified in sectors such as mining, oil & gas and associated infrastructure, where there is real demand for financing for operational expansion.
In areas like Vaca Muerta, for example, we see demand in services, logistics, and industrial structures, which require financing to scale up.
Is the focus only on Argentina or are they looking at the region?
Our main focus today is Argentina and the Southern Cone, although we have also carried out operations in other countries such as Mexico and Panama.
The logic is to replicate the model: structuring local financing, with international validation, but executed under legal frameworks in each country.
In parallel, we are also analyzing opportunities in other markets in the region that are beginning to reactivate under new international regulatory frameworks, such as Venezuela, particularly in strategic sectors such as energy and mining, always in compliance with current regulations.
And how does it work in practice when they operate in another country?
We work with local law firms, close to the project, and the entire operation is structured within the legal framework of that country.
This greatly facilitates the execution and safety of the operation.
To conclude, what is the objective behind this type of financing?
The intention is clear: to finance real, verifiable projects with productive impact, helping to make investments that generate employment and development a reality.
We believe there are many initiatives in the region that need this type of support in order to move forward.
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In line with the growing regional interest in financing energy projects and infrastructure, these topics will also be part of the agenda for the 2026 Future Energy Summit tour, which will have its next stops on May 14 in Guatemala City and May 19 in Mexico City . The meetings will bring together developers, investment funds, utilities, and industry leaders to discuss financing opportunities, energy storage, renewables, and energy infrastructure in Latin America.