# Financiera de Desarrollo Nacional

Financiera de Desarrollo Nacional is a Government / Public Body based in Bogota, Colombia.

## Overview

- **Organization type:** Government / Public Body
- **Headquarters:** Bogota, Colombia
- **Region:** Latin America
- **Address:** Carrera 7 # 71-52, B Tower, 6th Floor, Bogota, Colombia
- **Founded:** 2011
- **Assets under management:** $1B–$5B (Altss estimate)
- **Website:** fdn.com.co
- **LinkedIn:** https://www.linkedin.com/company/financieradedesarrollonacional

## Regulatory record

- **Reports private funds:** No

## About

Financiera de Desarrollo Nacional provides project financing for infrastructure projects. It focuses on financing projects in various sectors. The firm operates in the national market.

## Sectors

- Infrastructure
- Energy Transition & Renewables
- Transportation

## Questions

### Who controls investment decisions at FDN?

FDN operates under a Board of Directors appointed by its shareholders, led by Colombia's Ministry of Finance. Day-to-day investment decisions rest with the CEO and an internal investment committee. The IFC and CAF hold board seats, ensuring multilateral-bank discipline on credit standards.

### How does FDN source its deal flow?

FDN sources almost entirely through the Colombian government's 4G/5G highway concessions, mass-transit tenders, and energy-transition auctions. Because FDN is embedded in the national PPP framework, its pipeline originates from the National Infrastructure Agency (ANI) and the Ministry of Transport, giving it first-look access to every major toll-road, port, and rail project.

### Is FDN a development bank or a commercial project-finance house?

Both. FDN has a public mandate and multilateral shareholders (IFC, CAF), but its $1 billion co-investment platform with CDPQ operates on market-rate terms. It provides senior and subordinated debt, mezzanine, and equity to projects — meaning it takes construction risk like a commercial bank while enjoying government-guaranteed liquidity like a development institution.

### What investment stages and asset classes does FDN target?

FDN focuses exclusively on greenfield and brownfield infrastructure. Within that, it covers transportation (toll roads, rail, airports), energy (transmission, renewables), and social infrastructure. It deploys senior debt, subordinated debt, and equity. FDN avoids venture capital, real estate speculation, and non-infrastructure private equity.

### How is FDN related to the Colombian government's 4G and 5G highway programs?

FDN was explicitly designed to finance 4G and later 5G highway concessions — the largest infrastructure programs in Colombian history. It underwrites the senior loans and provides risk capital during the construction phase, then syndicates to commercial lenders once projects become operational, functioning as the public balance sheet that absorbs early risk.

## Related profiles

- [Financially Speaking](https://altss.com/profile/financially-speaking)
- [Finandir](https://altss.com/profile/finandir)

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Last updated: 2026-06-28T01:55:54.117Z

Canonical page: https://altss.com/profile/financiera-de-desarrollo-nacional

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