Sura, Credicorp to launch $550 mn infrastructure debt fund

Union for Infrastructure (UPI), an alliance between Sura and Credicorp, plans to capture up to $ 550mn from institutional investors (pension funds, insurance companies and university funds) that have a long-term appetite, as well as multilaterals. Investments in the fund will be tied to inflation and their objective is to deliver a return -before commissions- of CPI + 7.50% -8.50%, explained UPI chief Mario Dib. The first fund by UPI was launched five years ago to capture $ 387mn, with key investors being private pension fund managers and insurers.

Source: Valora Analitik