Creation of IGNIA Private Equity Latin-American Fund and first round of US$20.5 million in commitments

Date Closed: 6/18/2008

Value: US$20.5 million

BLG's Fred Enns (securities) and Charles Marquette (tax) acted on behalf of IGNIA in the establishment of Ignia Fund I, LP and the subscription in the first round of US$20.5 million in commitments. IGNIA Fund I, LP is a social venture capital fund that invests in high growth businesses in Mexico and other regions of Latin America. By providing effective responses to the enormously underserved needs of the low income population, both as consumers as well as active participants in productive value chains, IGNIA empowers entrepreneurship and generates social impact while creating attractive financial returns for its investors. IGNIA invests approximately $2 - $10 million per company over the life of the investment.