The financing will help more than one million people in the Pereira region of Colombia access a new generation of oncology units, as part of Lenus’ investment in the high complexity hospital, Clinica San Rafael.
BOGOTA, AUGUST 16, 2021 – Lenus Capital Partners (Lenus), a privately held investment group focused on private equity investments to the healthcare sector, announced a new structured financing for 40 million U.S. dollars led by Gramercy Funds Management (“Gramercy”), a dedicated emerging markets asset manager, with participation from Compass Group, an independent Latin American asset manager. With this commitment, Gramercy’s initial financing to Lenus, the investment group expands its support to healthcare companies and their communities. Gramercy intends to work closely with Lenus’ management to enhance company strategies, increase operational efficiencies and drive expansion plans in the country.
This transaction reinforces Gramercy’s status as a leading capital provider to impactful sectors across emerging markets and further solidifies its reputable position within Colombia, with more than $250 million U.S. dollars deployed there over the past five years.
“We are delighted to support Lenus in its healthcare initiatives as it establishes itself as one of the leading healthcare groups in the Colombian coffee region. Lenus’ mission to expand highly complex hospital capabilities through new technology is fully aligned with Gramercy’s commitment to Colombia, its local communities and our strong consideration of environmental, social, and governance (“ESG”) factors as part of our underwriting process,” said Gustavo Ferraro, Partner and Co-Head of Gramercy’s Capital Solutions group.
On behalf of Lenus, Klaus Lederer, Co-founder, Chairman and CEO, added “We are delighted to partner with Gramercy. This initial transaction has been critical for the growth and development of our vision and I am confident it will be the first of many future transactions. It is our goal to narrow the inequality healthcare gap in Latin America and accordingly, we are focused on investing in intermediate cities such as Pereira. We aspire to expand healthcare services and provide the same degree of healthcare coverage to all regions of Colombia.”
This new financing to Lenus comes in conjunction with a recent equity raise led by INICIA, a private asset management firm with experience in the Northern Latin America region. INICIA has established a unique investment and talent development model focused on creating long-term value through sustainable, specialized and diversified investment funds.
About Lenus Capital Partners
Lenus Capital Partners is a privately-held investment group focused on developing private equity, venture capital, real estate and special opportunities related to the healthcare sector. Lenus was founded by a team with a substantial track record in the healthcare, real estate and financial sectors. In addition to the founding partners, INICIA, a company of the Vicini Group, is an investor and partner of Lenus. INICIA is an asset management firm that invests in heavy industry, manufacturing, sugar mills and finance and operates through independent industry platforms. Due to its experience Lenus’ team creates long-term value for its investors and the companies it invests in by working closely with management to enhance company strategies, increase operational efficiencies and drive expansion plans. Lenus is currently developing a fully integrated healthcare operating network (low to high complexity health services) in Colombia (the Lenus Capital Partners Platform) by acquiring healthcare operations (physician practices, ambulatory care facilities, hospitals and rehabilitation facilities) that are located in underserved markets. Lenus is particularly focused on the acquisition of the operating healthcare companies and real estate in order to maximize investor returns.
About Gramercy
Gramercy is a dedicated emerging markets investment manager based in Greenwich, Connecticut with offices in London, Buenos Aires and Mexico City, and dedicated lending platforms in Mexico, Turkey, Peru, Pan-Africa, Brazil, and Colombia. The $5 billion firm, founded in 1998, seeks to provide investors with attractive risk-adjusted returns through a comprehensive approach to emerging markets supported by a transparent and robust institutional platform. Gramercy offers alternative and long-only strategies across emerging markets asset classes including multi-asset, private credit, public credit, and special situations. Gramercy’s mission is to positively impact the well-being of our clients, portfolio investments and team members. Gramercy is a Registered Investment Adviser with the SEC and a Signatory of the Principles for Responsible Investment (UNPRI). Gramercy Ltd, an affiliate, is registered with the FCA.