How many investments has Darby International Capital made?

Darby International Capital has 5 tracked investments.

What stage does Darby International Capital invest at?

Darby International Capital invests at the Growth stage.

What sectors does Darby International Capital focus on?

Darby International Capital focuses on AgTech, Energy, FoodTech, Sector Agnostic.

Where is Darby International Capital located?

Darby International Capital is headquartered in Washington, US.

Darby International Capital

Venture debt

Washington · Growth · 11 people tracked

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Investment thesis

Darby International Capital is a pioneer of private debt in emerging markets, providing debt financing to companies primarily across Latin America. The firm builds private debt partnerships in the region and has invested across sectors including agriculture, energy, insurance, and pharmaceuticals. It manages multiple funds, most recently closing its fourth fund, and participates in climate-focused private markets initiatives.

Invests inAgTech Energy FoodTechSector AgnosticBrazil Latin America Washington

Source: firm website, verified Aug 18, 2026.

Stage

Growth

Washington, US

Instruments

Debt

Founded

2020

AUM

$448.4M

Tracked investments

Team · 11 people

from the firm's website

Ignacio Aicardi· Chief Investment Officer & Founder· Washington, DC

CIO and Founder with over 25 years managing credit investment strategies in emerging markets. A former Managing Director at Darby Overseas Investments leading Latin American private debt (ex-Brazil), he previously worked at Sumitomo Mitsui Banking Corporation and Bear Stearns.

Richard (Rick) H. Frank, Jr.· Chief Executive Officer & Founder· Washington, DC

CEO and Founder of Darby International Capital with over 25 years in emerging markets credit and private equity. He began at Goldman Sachs, worked at the IFC, then joined Darby Overseas Investments in 2007 where he led the Latin American private debt strategy as Senior Managing Director for 14 years.

Ricardo Roccia· Managing Director· São Paulo, Brazil

Managing Director who joined in 2021 with over 23 years in financial services and C-level management. He previously held the same role at Darby Overseas Investments and founded a Brazilian renewable energy and biofuels platform; he sits on several portfolio company boards.

Andres De La Cuesta· Principal· Bogotá, Colombia

Principal with over 12 years in credit investment analysis who joined in 2021. Previously a Senior Associate at Darby Overseas Investments handling deal sourcing outside Brazil and Colombia's FINTRA fund, he earlier was a Director at Fitch Ratings.

Alexander Vergara· Senior Associate· Bogotá, Colombia

Senior Associate with over 10 years in finance who joined in 2022. He was previously a Vice President at Corredores Davivienda's investment banking division and worked in European private equity at Nexxus Iberia and Duke Street Capital.

Diane Smith· IC Member & Senior Advisor

Senior Advisor with over 30 years in US and Latin American private equity and structured credit who joined in 2021. She previously advised Darby Overseas Investments and was a Managing Director and senior portfolio manager at Electra Private Equity and its Brazilian affiliate.

Hanler Perez· Chief Financial Officer & Chief Compliance Officer· Washington, DC

CFO with more than 15 years in financial services who joined in 2021. He was previously Controller of Latin America and European strategies at ACON Investments and a Senior Associate at PwC, and is a licensed CPA in Connecticut.

Pedro S. Scomparim· Senior Associate· São Paulo, Brazil

Senior Associate with over 8 years in finance who joined in 2024. He was previously an Associate at Patria Investments leading M&A analysis and earlier worked as an M&A and financial consultant at Setter Investments.

Richard H. Frank, Sr.· IC Member & Senior Advisor· Washington, DC

Senior Advisor and former Managing Director of the World Bank Group and CFO of the IFC. He later served as executive chairman, president, and CEO of Darby/Franklin Templeton and chairs the Darby-Colpatria infrastructure fund investment committee.

Roberta Brzezinski· IC Member· New York

Investment Committee member and partner at Control Risks with 25 years as a private equity, infrastructure, and private debt investor across emerging markets. She has held senior roles at Capitalworks, CDPQ, Abris Capital Partners, AIG Infrastructure Funds, and the IFC.

Sean Norris· Head of ESG & Climate· Washington, DC

Head of ESG and Climate with over 8 years in emerging markets sustainability who joined in 2023. He previously served as Senior ESG Associate at Emerging Capital Partners and worked in the US Peace Corps in Panama.

What they invest in

from 2 of 5 portfolio companies

AgTech ×1Biotech ×1Cleantech ×1Energy ×1FoodTech ×1Logistics & Supply Chain ×1

HQs:Brazil×1Peru×1

Investments · 5 tracked

founders shown can be your intro path

AVLA

Specialty insurance provider offering surety bonds and trade credit to SMEs across Latin America; founded 2008 and headquartered in Santiago, Chile.

Avla Bermuda Holding

Darby investment (September 2025).

Inka's Berriesinkasberries.com.pe

Inka's Berries is a Peruvian company that develops new blueberry varieties and produces fresh blueberries for export.

AgTechBiotechFoodTech

NEOgásneogas.com.br

NEOgás distributes compressed natural gas (CNG) to locations without pipeline access, serving industrial clients, vehicle fueling stations, municipalities, and remote regions.

CleantechEnergyLogistics & Supply Chain

VREC

Frequently asked questions

How many investments has Darby International Capital made?: Darby International Capital has 5 tracked investments.
What stage does Darby International Capital invest at?: Darby International Capital invests at the Growth stage.
What sectors does Darby International Capital focus on?: Darby International Capital focuses on AgTech, Energy, FoodTech, Sector Agnostic.
Where is Darby International Capital located?: Darby International Capital is headquartered in Washington, US.

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