Education & Workforce Development — Peru
FundedGT-2026-023· Listed Nov 20, 2024

Peru Andean Vocational Education & Digital Skills Network

Vocational and digital-skills training network closing Andean Peru's technical workforce gap, fully funded and operating.

Peru · South America Education & Workforce Development Private Credit — Senior Secured Closed Jun 30, 2025
Final Size
$26.0M
Allocated
$26.0M
Min Ticket
$500K
Target Return
10–12% net yield
Horizon
5 yrs

Executive Summary

A senior secured credit facility that funded the buildout of 22 vocational training centres across Andean Peru, delivering technical certifications in renewable energy maintenance, mining technical trades, and digital/IT skills. The facility, now fully funded, financed government voucher-backed tuition receivables and campus infrastructure.

Investment Thesis

  • Technical trade vacancies in Andean mining and renewable-energy sectors exceed 40,000 annually against constrained training capacity.
  • Government-backed tuition voucher program provides receivables with sovereign payment backing.
  • Employer placement partnerships with six mining and energy companies embed graduate demand.

Use of Funds

Campus infrastructure (22 centres)55%
Curriculum & digital learning platform25%
Working capital12%
Contingency8%

Financial Snapshot

Annual contracted revenue
USD 11.8M
Graduate placement rate
82%
Net yield (realised)
11.2%
Coverage ratio
1.58x

Transaction Structure

USD 26M senior secured term loan, 5-yr tenor — fully funded and disbursed.

Risk & Mitigation

Key Risks
  • · Voucher program funding continuity
  • · Employer demand cyclicality
  • · Campus utilisation rates
Mitigants
  • Multi-year budget appropriation for voucher program secured
  • Diversified employer base across mining, energy, and IT sectors
  • Utilisation-based performance bonuses for campus operators

Timeline & Milestones

  1. 2024 Q2
    Facility structuring & government MOU
  2. 2024 Q4
    First disbursement
  3. 2025 Q2
    Full facility drawn
  4. 2025 Q4
    22 campuses operational
  5. 2026 Q1
    First-cohort graduate placement results published

Sponsor

Redes de Aprendizaje Andino S.A.C.

Redes de Aprendizaje Andino is a Peruvian vocational education operator with 10 years of experience delivering technical certification programs across five Andean regions.

ESG & Impact

  • 9,400 graduates placed in formal-sector employment to date
  • 40% female enrolment in traditionally male-dominated trades
  • Solar-powered campus facilities in 14 of 22 centres

Data Room

Investor Summary
PDF · 12 pp
Credit Agreement Summary
PDF
Verified Access
Placement Outcomes Report
PDF
Verified Access
Financial Model (actuals)
XLSX
Verified Access

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