Mexican private equity firm Glisco Partners and independent investment management firm Discovery Capital Management listed a CERPI (Certificado de Proyectos de Inversión) on Mexico’s stock exchange (BVM, raising US$72m in its first issuance. The CERPI is seeking to raise up to US$800m to invest directly or indirectly in one or more Glisco Funds, which include medium-sized and innovative companies, as well as in Discovery Funds which consider mature companies with plans to make Initial Public Offerings in international markets within the next five years.

(Press Release) Today, GD Structure, S.C., issued its Investment Projects Senior Bond Trusts (CerPis), at the Mexican Stock Exchange, with ticker symbol “GDISPI”, through CIBanco, S.A., Multipurpose Banking Institution, as Trustee.
The total amount of the Series I and subsequent CerPis issuances will be of up to US$800 M.
The Offering from “GDISPI” was made under the “capital calls” scheme, and this first issuance was for a total MXN$ 1.445 B, at a 10-year term, which will enable the Trust to make subsequent issuances, i.e., the Trustee may request the CerPis holders, at any time, to contribute the necessary amounts in order to make the investments established by the Trust.
GD Structure, S.C. will use the resources to directly or indirectly invest in one or more Glisco Funds, which include medium-sized and innovative companies, as well as in Discovery Funds which consider mature companies with plans to make Initial Public Offerings in international markets within the next five years.

The Underwriter and Structuring Broker was Barclays Capital Stock Exchange, S.A. de C.V., Barclays Mexico Financial Group.