WASHINGTON — IDB Invest, a member of the IDB Group, has added over $450 million to its $1 billion Scaling4Impact securitization launched in 2024 —marking the first retap of a securitization under the originate-to-share model by a multilateral development bank (MDB) to mobilize private capital for development.

The transaction confirms that securitizations can serve as a repeatable tool for MDBs to optimize their balance sheets, mobilize private capital, and open space for increased lending.

“This is an important step in the IDB Invest+ originate-to-share business model and IDB Group’s IDBStrategy+ to foster private sector led development” said Ilan Goldfajn, President of the IDB Group. “By bringing global investors to our projects we’re paving the way to a more scalable model to mobilize private capital for development”.

The new portfolio spans infrastructure, energy, financial institutions, and corporate sectors across Latin America and the Caribbean. The mezzanine tranche was purchased by Newmarket Capital, with portions insured by AXA XL and AXIS Capital. IDB Invest retains the senior and junior tranches.

“We’ve demonstrated that our model works,” said James Scriven, CEO of IDB Invest. “Returning to the market with this retap evidences the strong investor confidence in the quality and performance of our diversified development assets.”

“I’m excited to see this expansion of the original Scaling4Impact transaction, which is, a testament to the importance of long-term partnerships in creating new pathways for private market investors to participate in development finance”, said Molly Whitehouse, portfolio manager for Newmarket’s SRT platform and a Managing Director and Co-Founder at Newmarket. “This tap reaffirms the powerful role of SRT transactions in helping multilateral lending institutions continue to expand their critical lending work.”

The original transaction — the first securitization of MDB private-sector assets in Latin America and the Caribbean — has received multiple awards, including most recently Securitization Deal of the Year, Latin America, by IJGlobal Investor Awards 2025.

The retap advances G20-endorsed MDB reforms by promoting financial innovation, crowding in private capital, optimizing balance sheets, and leveraging MDB performance data via the Global Emerging Markets (GEMs) database.

Santander Corporate & Investment Banking and Clifford Chance served as advisors.

About IDB Invest

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $22 billion in assets under management and more than 440 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. Visit our website: www.idbinvest.org/en.

About Newmarket

Newmarket has been an active investor in the structured credit and securitization markets since 2013, specializing in a range of assets, including infrastructure, large corporates, and commercial real estate loans. These investments have provided critical risk-transfer tools that help financial institutions optimize capital efficiency and support new lending.  Newmarket is a multi-billion dollar asset manager and registered investment advisor headquartered in Philadelphia. For additional information, visit www.newmarketcapital.com

“The Securitization Deal of the Year – Latin America award was granted by IJGlobal Investor Awards 2025 in connection with the Scaling4Impact securitization transaction. The transaction was submitted by IDB Invest. Newmarket Capital participated in the transaction as a mezzanine tranche investor. The award was not based on an evaluation of Newmarket Capital’s advisory services or client experience. Newmarket Capital did not apply for the award and did not pay any fee to be considered.”