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Press release
September 1, 2021

Mexican SMEs to benefit from increased financing after FinDev Canada Investment in PC Capital Development II L.P.

Press Releases

The Fund will inject equity into innovative and scalable SMEs serving a growing middle class

Summary of Anticipated Development Impacts


  • Supporting business and economic growth in Mexico: The private sector plays a key role in Mexico’s economy: medium and large-sized enterprises employ nearly 40% of the Mexican working population and contribute to 70% of the national GDP. Given that traditional bank financing does not fully meet the needs of growing businesses, PC Capital II aims to fill this gap by identifying, investing in and supporting companies in Mexico to grow and widen their reach. Accelerating such growth means increasing the number of jobs supported and created for Mexican women and men, as well as improving access to products and services in financial services and other sectors in Mexico.

Women's Economic Empowerment

At least 50% of FinDev Canada’s proceeds will support 2X eligible businesses, promoting women’s economic participation as business owners, leaders and employees.


  • Supporting women entrepreneurs, leaders and employees: in Mexico, only 44% of working age women participate in the formal labour force and those who do face a gender pay gap of over 28%. Moreover, women carry out on average 77% of all unpaid care and domestic work in the country. PC Capital II will help increase women’s participation in the formal economy by supporting portfolio companies to promote the recruitment, retention, and career advancement of women in the workplace.
  • Promoting women’s representation in the private equity industry: PC Capital II will do so by increasing the representation of women leaders to at least 30% within its senior management team. It will also undertake a gender diagnostic analysis with a view to further foster a gender inclusive workplace.
  • 2X Challenge qualification: with PC Capital II’s commitment to direct 50% of FinDev Canada’s funds towards 2X eligible businesses and to bring women’s representation in its senior management team to at least 30%, this transaction qualifies for the 2X Challenge.