Partner: PINFRA – One of the leading concession operating companies in Mexico, PINFRA is listed on the Mexican Stock Exchange (MCAP ~3 Bn USD) and holds 24 concessions for highways, bridges, port terminals and 1 electronic toll collection operation contract.
INVESTMENT CLOSING DATE: July 31, 2019
COD DATE: July 2, 2020ﾠ
Benefits: Improves connectivity and safety in the USMCA corridor.
Partner: ALDESA – Subsidiary of China Railway Construction Corporation (CRCC), a leading company in engineering, design, and construction of railways, highways, bridges, tunnels, and mass urban transport systems, with sales of ~$110 Bn USD.
Investment Closing Date: August 13, 2020
Expansion Start Date: January 2024
Benefits: Reduced travel time and increased user safety (less accidents).
Partners: Neology Inc - World leader in mobility, electronic tolling, compliance, security, and payment solutions technologies. Neology Inc has 50+ million tags in circulation, over 15 thousand toll booths operating worldwide, and over 50 thousand ALPR systems installed.
Investment Closing Date: December 22, 2021
Benefits: Provide greater electronic toll technology and legal compliance on highways and urban roads in Mexico and Latin America to increase efficiency, and thereby help operators achieve improved returns, while reducing traffic congestion and having a positive impact on citizens and the environment.
Hokchi Energy is a subsidiary of Pan American Energy, an Argentine company that is a leader in hydrocarbon production, with investments totaling US$19 billion. Hokchi Energy signed a hydrocarbons extraction contract with the CNH under a production-sharing scheme for Contract Area 2, which was awarded during the second international public bidding of Round One. The contract covers the appraisal and development of the Hokchi offshore area, located in the Cuenca Salina del Istmo in the Gulf of Mexico, off the coast of the state of Tabasco.
Asset Purchase Agreement Signed: May 13, 2022
Operations Start Date: May 24, 2020
Benefits: Hokchi is an attractive shallow-water hydrocarbon producing field in an advanced production ramp-up ramp-up process, which will reach 33,000 boed.
Partners: One of the largest global energy producers with an installed capacity of more than 200 GW and AUM of ~US$196BN. SPIC’s platform in
Mexico has more than 1.3 GW of installed capacity.
Investment Closing Date: April 4, 2022
Operations Start Date: April 2018 (Torreoncitos and Rancho el Trece) and July 2019 (Ahumada)
Benefits: Clean energy generation using the latest technology in an area of the country with abundant solar resources, with an active economy that creates energy needs in the long term and with sufficient transmission capacity to export energy to the RNT.
The estimated Net¹ IRR of the portfolio as of the third
quarter of 2025, in USD and under a base Hold to
Maturity scenario, is 14.3%. Under a scenario with
upsides, assuming an exit in 2029 and subtracting the
carry to the manager, the estimated IRR for investors
would be 16.2%.
1. Net of expenses to date (issuance and placement, trust, project due diligence, administration fee and J-curve) and before carried interest.
