EconomyFinancialAltum Capital receives financing of 125 million dollars for...

Altum Capital receives financing of 125 million dollars for loans to SMEs

Funds from Apollo and Invex led a $125 million funding round for Altum Capital, a Mexican firm that specializes in private debt structuring, according to a statement from Altum.

The round will be directed to Altum's second fund, which will be called Altum USD II, which will be used to grant loans in dollars to small and medium-sized companies.

Altum's first fund focused on manufacturing, exports, oil and gas, agriculture, food processing, technology services and tourism. The new fund will be focused on the states of Nuevo León, Chihuahua, Sonora, Coahuila, Baja California Norte, Baja California Sur, Quintana Roo, Jalisco and the Bajío region.

Additionally, Altum USD II will explore investing in Colombia, Peru and Central America, the company said.

Altum has so far granted and structured loans for more than 9,950 million pesos and has current loans for more than 4,300 million pesos.

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