Wealth & Finance International - Fund Awards 2017

Fund Awards 2017 4 Best Investment Fund Manager - Peru Macrocapitales is a professional company, established as an investment fund manager under the laws of Peru, regulated by SMV (National Supervisory Commission of Companies and Securities of Peru). Its funds, where the pension funds are invested, are regulated by the SBS (Superintendency of Banking, Insurance and AFP of Peru). Company: Macrocapitales Contact: Dulio Costa Contact Email: [email protected] Address: Av. Camino Real 390 - 901, San Isidro, Lima, 27, Peru Phone: 00511 5004400 Website: www.macrocapitales.com.pe Macrocapitales’ team of partners brings together more than 80 years of experience in business management and more than 100 in financial consulting, business buying and selling and capital markets. As part of its strategy, Macrocapitales partners and executives have a long and successful track record in asset management, structuring, executing investments as well as in restructuring and managing companies through their active participation in advisory mandates, management and Board of Directors in most industrial sectors of the Peruvian economy. Through its partners, the company combines a deep knowledge and understanding of the Peruvian business environment, with a wide network of contacts in the business community, government and civil society. Its partners over time are characterized by a high prestige and reputation for their independence, reliability and level of technical advice. Proven experience, high ethical standards, commitment and dedication to its clients; as well as proven ability to conduct complex transactions and develop creative solutions. Over time, the company has developed a management model that seeks an attractive return based on adequate due diligence processes, which reduce potential risks in the acquisition. As well as an effective control process that allows timely monitoring of key management indicators. Within Peru, the lack of public and private health infrastructure presents a great opportunity to contribute to the development of the sector with high social impact, particularly as health has been considered to be the main focus by the Peruvian government. Rapid economic requires improving basic services. The firm predicts that over the next 10 years, families will be spending more on medical services than they can afford, as family incomes will not increase alongside the rise of medical bills. Macrocapitales’ investment model considers investing mainly in the private sector and analysing the feasibility of investing in Public Private Partnerships (PPP) projects. Staff at Macrocapitales focus on a high deficit of medical services infrastructure, a new law – the universalization of Health in Peru, increasing demand for clients, as well as space to improve business organization and management practices. Macrocapitales is General Partner of Fortaleza PE Fund, now launching Fortaleza II PE Fund, an impact fund investing in Peruvian SME’s. Taking advantage of Peru’s opportunity, small and mid-size companies with high growth expectancies. Fortaleza I PE Fund (FIPEF) was launched in July 2012 with USD 50MM in capital. Up to December 2016 FIPEF´s portfolio companies increased 2,000 new jobs (116%), more than doubled sales (103%), EBITDA increased in 153% and 17.0% in NET IRR in USD. Its LPs are Peruvian private pension funds and the government pension fund as well. Peru’s economic growth requires improving education so that it can be sustainable. The company has a commitment to its society and so seeks to contribute to the sector as a basis for development at all levels. The sector shows clear opportunities, public education, despite having achieved important changes and improvements in recent years, is still insufficient but improving. However, the private system has an important population bonus and a clear growing technology of family income to support the growth of the sector. The company considers being part of the sector, collaborating with private offer of the best level, not only at school level, but also with technical instruction and university professionals. Over the past decade, there have been traditional patterns of FD170011