Fund Awards 2016 18 Best Multi-Sector Fund Manager 2016 - Peru Esatblished in 2010, MACROCAPITALES is a fund managment company based in Peru which is regulated by the SMV (Peruvian Security Exchange Commission). Managing Partners Dulio Costa (CEO) and Nicolas Polar (CFO) tell us MACROCAPITALES’ successful story. Company: Macrocapitales Phone: (511) 500-4400 Address: Av. Camino Real N° 390 Of. 901, Torre Central, San Isidro, Lima 27, Perú. Email:
[email protected] Website: http://www.macrocapitales.com.pe/ MACROCAPITALES operates as a fiduciary firm for third party’s funds with USD 350MM in AUM, each one with different strategies, and independent professional teams with proven track records and high reputation in its specific field. Two of these funds are private equity, and one is a debt fund focused in infrastructure. In addition to this fiduciary duty, MACROCAPITALES acts as Fund Manager and General Partner of FORTALEZA I - PE FUND (Fortaleza I – Private Equity Fund), a multi-sectorial fund established in 2012 focused on supporting Peruvian companies with high growth potential. Clients for this fund are all institutional investors from Peru, predominantly Pension Funds. FORTALEZA is managed by a team of professionals with many years of experience, led by Dulio Costa and Nicolas Polar, and it is their aim to promote the development of enterprises in various sectors of the economy. FORTALEZA I FUND´s team brings experience in financial consulting, buying / selling companies, capital markets, and over 40 years manag- ing businesses successfully. Alongside this they are all prestigious pro- fessionals in the market, distinguished by their reliability, high technical level and absolute commitment to its investors. Private Equity started in Peru around 2004, however after the financial crisis, when new investment opportunities arose, new GPs appeared in the country. During the five previous years of the financial crisis, Peru´s GDP grew at 7% rate annually on average, reaching a peak of 8% in 2007, when substantial changes occurred to the consumption level in the country, which marked the turnover point for a new consumer-driven-market. Since then, retail business and internal industry development have shown a different path. Companies soon realized the new challenges they would have to face, and understood the necessity to grow com- petitively in order to survive. Foreign investors soon arrived, and new demand for fresh capital for growth appeared in Peru. In this context, Macrocapitales & FORTALEZA were born. Considering the timeframe of the country and Peru’s projections, the opportunity was perfect. Macrocapitales, acting as GP of FORTALEZA I – PE FUND, has a proven investment capacity, by being fully invested within the 4-year investment period and achieving an 18% IRR. To achieve its business goals, FORTALEZA’s team has a permanent presence in companies in which it invests, by consistently supporting the companies’ management in implementing best industry practices. The team is actively involved in every investment and all team members work side by side with the administration, helping them analyze their issues and guide them through their decision making. Also, Macrocapi- tales prestigious professionals contribute to these companies by finding new business opportunities, through its “networking.” MACROCAPITALES focuses on generating value to the brands and identifying improvements in operational processes in the invested com- panies. MACROCAPITALES business plans achieve its objectives with analyzed actions, and specific deadlines; alongside a team of specialists in various sectors who oversee decision making. FORTALEZA has a diversified investment policy, identifying expansion areas and partnering with companies with good growth prospects, pro- viding the necessary advice and investment for their growth. In this way, FORTALEZA has investments in businesses within sectors of high forecasts in Peru, such as: HASS PERU: Agro-industry Company, located in the valley of Chao in the region LA LIBERTAD (500km northern Peru), avocado producer company and one of the pioneers in blueberry production in Peru. The company has 153 hectares of avocado production and 207 new hect- ares in the growth process. In 2015, the company entered the blueberry cultivation. It achieved one of the highest productivity per hectare worldwide in the first year LA16025