LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

SURA and Credicorp Launch a US$86.5m Infrastructure Fund

May 29, 2020

SURA Investment Management and Credicorp Capital Asset Management, together called Unión para la Infraestructura S.A.C (UPI), launched a US$86.5m target equity infrastructure fund focused on Pacific Alliance countries: Colombia, Chile, Peru, and Mexico. 

(Press Release) This equity fund, worth USD 86.5 million, shall be specifically focused on the Pacific Alliance countries, namely Colombia, Peru, Chile and, Mexico.

The main infrastructure sub-sectors on which the fund shall be focusing on have to do with the main Transport sector, that is to say ports, airports, roads, transport systems and both self-generated and renewable energy.

SURA Investment Management and Credicorp Capital Asset Management, which together make up the Investment Management Firm called Unión para la Infraestructura S.A.C (UPI), are launching an equity fund. valued at USD 86.5 million, for the purpose of investing private capital in high-impact infrastructure projects throughout Latin America.

This fund is aimed at financing infrastructure projects, this being a key sector for reactivating and developing the region, this with an important focus on the Pacific Alliance countries (Colombia, Peru, Chile and Mexico). It is precisely now with the push to revive the Latin American economies that this initiative has become a driving force for further development, including job creation. One of the Fund’s greatest attributes and differentiating factors is precisely the regional knowledge and presence that both Companies have built up. The team that makes up Unión para la Infraestructura (UPI), as the Fund’s direct management firm, has accumulated more than 60 years of experience in investing and managing infrastructure assets.

“Although we have been setting up this fund for some months now, now that we are immersed in the current situation, and in our role as financial partners and asset managers, we are ready and able to promote projects that shall have an important impact on reviving the region’s economy. This alliance is allowing us to place at the disposal of our investors the best possible experience in handling and managing infrastructure assets, for the purpose of creating added value, optimizing capital structures and bringing to bear our superior capacity for supervising and actively engaging in key decisions during the construction and operating stages of the projects undertaken” stated Pablo Sprenger, CEO of SURA Investment Management

“The infrastructure sector has over time been a major driver of competitiveness as well as economic and social development. We are committed to continuing to help drive growth throughout the region, as part of this alliance, and in particular with this infrastructure fund, which we believe shall make a real contribution to the reviving our economies and creating jobs, which in the end provides greater well-being for the public at large. This is because we have a strong regional team of staff, dedicated to managing and developing investment opportunities in Latin America for both our domestic and international clients,” stated James Loveday, Head of Credicorp Capital Asset Management.

This fund is also configured as an opportunity for attending all those infrastructure projects that need new resources, given the difficulties that some investment companies are having, in the light of the current crisis, and who now must prioritize their core business and set aside infrastructure projects and construction work that are not directly related to their main business.

The main infrastructure sub-sectors on which the fund shall be focusing on have to do with the main Transport sector, that is to say ports, airports, roads, transport systems, and both self-generated and renewable energy. This has become even more relevant given that, in the current health, economic and social situation, governments are prioritizing their investments in the health sector while attending to the more vulnerable segments of the population. Therefore, investments in key infrastructure development projects, such as those described above, require the support and encouragement of the private sector.

“This Equity Fund offers great opportunities and I would like to make special mention of the projected investments renewable energy. Also, given current market conditions, it makes a lot of sense to invest in greenfield projects (i.e. those still at a construction and/or development stage) so as to support the economic recovery that the different Latin American countries shall be needing,” added César Ramirez, the Fund’s Portfolio Manager.

About SURA Investment Management

SURA Investment Management is an Investment Unit belonging to SURA Asset Management dedicated to managing assets and investments for the institutional segment. Our knowledge and extended presence in several Latin American countries, having been articulated on our regional platform, makes us an optimal investment vehicle capable of linking the region up with the global markets.

We create tailor-made solutions for our clients, so as to help enhance their competitiveness, for which we have nearly 500 funds and investment mandates dealing in equity, fixed income, multi-asset, insurance, stewardship arrangements, alternative assets, among others. We developed a regional platform with scalable operating models with the highest standards in portfolio management and institutional client relationships.

About Credicorp Capital Asset Management

Credicorp Capital Asset Management is one of the largest investment advisory firms in Latin America, holding USD 20 billion in assets under management and providing its consulting and other related services The Company’s vision is to become the leading Latin American asset manager for investors both within and outside the region. It currently has an important presence in Chile, Colombia, Panama, Peru and the United States, and has been investing in the region for more than 25 years.

It receives the backing of the Credicorp Group (NYSE: BAP), Peru’s leading financial holding company, with more than 130 years of experience in the financial sector.

SURA and Credicorp Launch a US$86.5m Infrastructure Fund was last modified: June 9th, 2020 by csantos
AirportsChileColombiaCredicorp Capital Asset Managementequity fundInfrastructureJames LovedayMexicoPablo SprengerPacific AlliancePeruPortsPrivate CapitalReal AssetsroadsSURA Investment Managementtransport systemsUnión para la Infraestructura S.A.C (UPI)
0
Facebook Twitter Google +

Sign up for LAVCA’s bi-weekly Latin American Private Capital Update and the LatAm Venture Bulletin, produced specifically for venture investors, entrepreneurs, and technology startups in the early stage ecosystem.






Which LAVCA Newsletter would you like to receive?

VC Partner Events

    Tweets

    • "According to LAVCA Data, VC investment into Latin American fintech totaled USD1.2b in the first quarter of 2022."… https://t.co/oikd3BXiCU

      24-Jun-2022

      Reply Retweet Favorite
    • Felicitaciones a la Directora Ejecutiva de LAVCA @lavca_org Ángela María Tafur @naitafur quien se ha incorporado al… https://t.co/qjHgnmFPS3

      14-Jun-2022

      Reply Retweet Favorite
    • LAVCA's Director of Venture Capital @crdelavega_ shares insights with @TechCrunch's @bayareawriter on the latest d… https://t.co/krypDTI5NE

      14-Jun-2022

      Reply Retweet Favorite
    • Congratulations to LAVCA's Executive Director @naitafur who has joined the Board of Directors of @GRUPOSURA. https://t.co/47bv5fyVhT

      13-Jun-2022

      Reply Retweet Favorite
    • In 2018, @_AquaCapital invested in agricultural biologicals platform @Biotropbr. In 3 years, the company has reduce… https://t.co/PDu5zkchTs

      13-Jun-2022

      Reply Retweet Favorite

    Submit VC News

    Have private equity or venture capital related news that you would like to share? Submit your press releases and news to [email protected].

    VC Industry News

    • Ecuadorian Fintech Kushki Raises USD100m Series B+ at USD1.5b Valuation

      June 7, 2022
    • Vinci Partners Acquires USD20m Stake in Brazilian Credit Provider DMCard

      February 21, 2022
    • 8VC Leads ~USD35.4m Round for Brazilian Insurtech 180 Seguros (em português)

      February 2, 2022
    • Glade Brook Capital Leads USD125m Series C for Chilean Insurtech Betterfly

      February 2, 2022
    • SP Ventures and Acre.VC Lead USD10m Series A for Brazilian Carbon Trading Marketplace Moss (em português)

      January 31, 2022
    • Brazilian Healthtech Nilo Saúde Raises USD10m Series A from Canary, MAYA, SoftBank, GFC and Tau Ventures

      January 28, 2022
    • Valor Capital Group Leads ~USD16m Series A for Brazilian Agtech Agrolend (em português)

      January 23, 2022
    • DILA Capital and Kayyak Ventures Lead USD15m Series A for Mexican Financing Platform Fairplay

      January 18, 2022
    • Astella Investimentos Leads ~USD4.6m Seed Round for Brazilian Blockchain Trading Platform Gavea (em português)

      January 12, 2022
    • SoftBank Leads USD48m Series B for Colombian E-commerce Laika

      January 12, 2022
    • KASZEK Leads USD13.2m Round for Mexican Fantasy Sports Platform Draftea

      January 7, 2022
    • IDC Ventures Leads ~USD5m Series A for Brazilian Microcredit Platform SuperSim (em português)

      January 6, 2022
    • Mexican Verification Platform MetaMap Raises USD70m Series B

      January 5, 2022
    • DRADS Capital Leads USD7m Pre-Series A for Chilean Foodtech The Live Green Co. (en español)

      January 3, 2022
    • SoftBank Leads USD127m Round for Brazilian Healthcare Provider Alice

      December 21, 2021
    • DILA Capital and ALIVE Ventures Lead USD14m Series A for Edtech Slang

      December 20, 2021
    • Astella Investimentos and SoftBank Lead ~USD3m Seed Round for Brazilian Automation Platform BotCity (em português)

      December 20, 2021
    • GIC Leads USD80m Round for Colombian POS Lending Platform ADDI (em português)

      December 20, 2021
    • Yara Growth Ventures Leads USD30m Series C for Argentine Agtech Agrofy (em português)

      December 16, 2021
    • Tiger Global Leads USD60m Series B for Mexican Freight Platform Nowports

      December 16, 2021
    • SoftBank Leads ~USD120m Round for Brazilian Fintech OpenCo (em português)

      December 15, 2021
    • DN Capital Leads ~USD22.2m Series A+ for Brazilian Healthtech Sami

      December 14, 2021
    • Riverwood Capital Leads ~USD52m Series B for Brazilian Fiscal Management Platform Arquivei (em português)

      December 14, 2021
    • KASZEK Leads USD2.7m Seed Round for Peruvian Edtech Crack the Code

      December 13, 2021
    • GIC Leads ~USD32m Series C for Brazilian Delivery Platform Shopper (em português)

      December 13, 2021
    • Tiger Global Leads USD20.5m Round for Mexican Freight Platform Nuvocargo

      December 10, 2021
    • Advent International and SoftBank Lead USD60m Series B+ in E-Commerce Aggregator Merama

      December 9, 2021
    • Volpe Capital Leads ~USD5m Series A for Brazilian Corporate Governance Platform Atlas Governance

      December 8, 2021
    • Lachy Groom Leads USD14.8m Series A for Brazilian Fintech Stark Bank (em português)

      December 8, 2021
    • Prosus Ventures Leads USD60m Series B for Colombian Edtech Platzi

      December 6, 2021
    • KASZEK Leads USD10m Series A for Brazilian Workspace Marketplace Beer or Coffee (em português)

      November 30, 2021
    • Galapagos Capital Invests ~USD20m in Brazilian Cosmetics MedBeauty (em português)

      November 18, 2021
    • Oak HC Leads USD27m Series A for Mexican Payment Platform Aplazo

      November 15, 2021
    • Colombian E-commerce Fulfillment Platform Melonn Raises USD4.5 Seed Round

      November 3, 2021
    • DNA Capital, Temasek and Fit Participações Lead ~USD20m Round for Brazilian Healthtech Memed

      November 1, 2021
    • Astella Investimentos Leads ~USD5m Round for Brazilian Proptech Homelend (em português)

      October 28, 2021
    • KASZEK Leads USD8m Round for Brazilian Car Documentation Platform Gringo

      October 27, 2021
    • SoftBank Leads USD75m Series C for Brazilian BPO Platform Pipefy

      October 26, 2021
    • Mexican Delivery Platform Skydropx Raised USD20m Seres A from Cometa, Base10 Partners, 645 Ventures

      October 26, 2021
    • Brazilian Car Insurtech Justos Raises ~USD35.8m Series A from SoftBank, KASZEK and Others

      October 25, 2021
    • Andreessen Horowitz and Base Partners Lead USD15m Series A for Colombian Foodtech Foodology

      October 22, 2021
    • Unbox Capital Leads USD30m Series B for Brazilian Marketing Platform Rock Content (em português)

      October 22, 2021
    • L Catterton Leads Investment in Mexican DTC Eyewear Brand Ben & Frank

      October 21, 2021
    • Anthos Capital Leads USD18m Series A for Venezuelan Delivery Platform Yummy

      October 21, 2021
    • Flourish Ventures and GFC Lead USD10m Series A for Brazilian Wholesale Marketplace Merce do Bairro

      October 21, 2021
    • Tiger Global Leads USD35m Series A for Argentine Fintech Pomelo

      October 21, 2021
    • Brazilian Wholesale Marketplace Inventa Raises ~USD6m Seed Round (em português)

      October 20, 2021
    • QED Investors and KASZEK Lead USD40m Series C for Brazilian Fintech Hash

      October 20, 2021
    • SoftBank, Amazon and Accel Lead USD108m Series B for Brazilian Fintech Pismo (en español)

      October 19, 2021
    • SP Ventures and Astella Investimentos Lead USD17m Series A for Brazilian Fintech Traive (em português)

      October 18, 2021
    • Tencent and SoftBank Lead USD200m Series F for Brazilian Trucking Marketplace CargoX (em português)

      October 15, 2021
    • Valor Capital Group Leads USD22m Series A for Mexican Edtech Aprende Institute

      October 11, 2021
    • Square Capital and Hard Yaka Invest USD15m in Colombian Digital Payments Platform Movii (en español)

      October 6, 2021

    About LAVCA

     

    LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

    LAVCA Office

        New York City:
        589 8th Ave, 18th Floor
        New York, NY 10018

    Explore LAVCA.org

    • About LAVCA
    • Board, Team, & Advisors
    • Media
    • Contact Us
    • Membership Benefits
    • Members Only Access
    • Education and Programs
    • Research
    • Policy
    • LAVCA VC
    • Contact Us

    @2020 - LAVCA. All Rights Reserved.


    Back To Top