Colombia Infrastructure Fund Eyes First Close

Fintra, a private equity fund that will invest in Colombian transportation infrastructure, is expected to make its first closing of $150m this month, company spokesman Andres Marulanda confirms. He adds that investors are local. The fund, which is 70% controlled by Washington DC-based Darby Overseas and 30% controlled by Mercantil Colpatria, expects to make a second closing 12 months from now, Marulanda adds. He explains that potential investments are already being evaluated and that they should begin in Q1. The fund managers are Bogota-based Jorge Castellanos, who was previously banks superintendent and president of Bancafe, as well as Rick Frank of Darby.