BNDES invests in funds that finance small companies – 05/02/2023 – Panel SA

Still without a defined position on interest on long-term financing, the BNDES announced this Wednesday (3) investments of up to R$ 1.45 billion in six equity investment funds (FIPs) for small and medium-sized companies.

To this end, BNDESPar, the investment arm of the state-owned bank, launched a public call for bids for interested parties.

“The bank has micro, small and medium-sized companies among its priority segments and launches another important instrument, in this economic moment of risk aversion, so that companies can invest generating jobs and income”, said the president of the BNDES, Aloizio Mercadante .

According to the rules, the bank will release up to 25% of the value of the selected fund – which explains the investment multiplier effect of this modality.

According to projections, with R$ 1.45 billion, the selected funds will have R$ 5.8 billion to invest in their area of ​​operation (small and medium-sized companies).

Before this new round of investments, the bank accounted for BRL 6.75 billion in committed capital in 48 funds, leveraging BRL 25.65 billion. That is, for every real invested by BNDESPar, the private sector (funds) contributed another R$3.8.

With Diego Felix

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