MEXICO CITY, Dec 20 (Reuters) – Mexican non-public fairness supervisor AINDA expects to lift $600 million for a brand new fund by early subsequent 12 months and can launch initiatives in Colombia, its prime government advised Reuters, as the corporate seeks to develop its portfolio of public works investments.
AINDA, which focuses on environmental, social and company governance (ESG) initiatives, additionally goals to increase together with the Mexican authorities’s nearshoring push, in a bid to develop operations in its house nation, CEO Manuel Rodriguez stated.
Its foray into Colombia seeks to collaborate with the federal government’s infrastructure plans, with AINDA set to open places of work within the South American nation by subsequent 12 months’s second quarter, Rodriguez stated.
In an interview, he pointed to highways and renewable vitality auctions as doubtlessly attention-grabbing funding alternatives.
“Colombia is a rustic with huge potential. We’ve got strengthened the workforce in latest months, with the arrival of our new Co-President Juan Carlos Echeverry, former Colombian finance minister and director of the oil agency Ecopetrol”, Rodriguez stated.
In Mexico, Rodriguez emphasised potential investments in logistics, citing the Pacific ports of Manzanillo and Mazatlan, however declining to enter element.
Water infrastructure initiatives might additionally appeal to the brand new fund’s curiosity, he stated, pointing to some $13 billion in wanted enhancements in Mexico Metropolis alone, in keeping with AINDA calculations.
Lately, AINDA has partnered with Mexican highway operator Pinfra (PINFRA.MX); Aldea, a subsidiary of China Railway Building Company (CRCC) (601186.SS); in addition to buying a stake in an oil contract for the offshore Hokchi subject. It gained on Monday the best place on the ESG ALAS 20 rating.
Hernandez added that the ESG-focused fund will proceed to judge different Mexican vitality initiatives, citing doable investments in electrical energy transmission, with out being extra particular.
Since taking workplace 4 years in the past, President Andres Manuel Lopez Obrador has prioritized state control of oil and power markets, inflicting tensions with commerce companions and elevating considerations amongst buyers.
However Rodriguez stated he nonetheless sees alternatives to put money into “inexperienced efforts” that may praise the federal government’s vitality priorities.
Reporting by Valentine Hilaire; Modifying by David Alire Garcia and Stephen Coates
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