Skip to content

Industry News

Mexico’s Fondo de Fondos Lists MXN$4b Infrastructure CKD Vehicle (en español)

1 August 2018

Fondo de Fondos has listed a new CKD vehicle on Mexico’s BMV for up to MXN$4 billion. The CKD will invest private equity funds and projects targeting the infrastructure and renewable energy sectors.

(Centro Urbano) For the next two years, approximately 12 infrastructure and renewable energy projects will be developed with an investment of 4,000 million pesos, according to Felipe Vilá González, general director of the Fondo de Fondos.

“These 4,000 million pesos will be invested financing the infrastructure projects, we would be talking about six to twelve projects that we would finance with this money, considering that other banks also participate,” explained Vilá González at a press conference after the issuance ceremony of a Certificate of Development Capital (CKD) for 800 mp.

Vilá González explained that the Fund of Funds will be in charge of managing the trust that has as shareholders the four development banks: Nacional Financiera, FOCIR, Bancomext and Banobras.

The projects will be carried out through twelve investment vehicles mainly in private equity, entrepreneurship and energy funds, which to date have supported more than 600 companies listed on the Stock Exchange.

This morning the traditional “bell” was given to mark the CKD broadcast in which José-Oriól Bosch Par, General Director of the BMV and Alex Hinojosa, General Director of the Development Bank of North America (NADB), also participated. that had already been formalized at the beginning of June.

On the use of the funds, the NADB Director General indicated that neither the renegotiation of the Free Trade Agreement nor the final agreement reached will affect the advice that the agency offers to the sustainable infrastructure projects it has in Mexico. as in the United States.

The NADB has a portfolio of approximately 1.4 billion dollars and has developed more than 230 projects, mainly in the hydraulic, sanitation, industrial and hazardous waste sectors, as well as air quality and renewable energy; on the percentage of investment added that in Mexico it represents 60% while in the US it was 40% until 2017.

With initial contributions of 405 million dollars of paid capital from the governments of Mexico and the United States, the NADB has mobilized a total of 8 thousand 201 million in sustainable infrastructure, having an investment multiplier effect at the rate of 20 dollars for each one invested by the Bank.

Finally, the general director of the BMV pointed out that until today more than 180 thousand million pesos have been financed with the so-called Capital Development Certificates (CECADES) in the Stock Exchange, which will be used to finance infrastructure, energy and water projects, mainly.