InverCap Holdings owns a Mexican asset management firm focused mainly on the administration of defined-contribution pension funds (commonly known in Mexico as Afores). InverCap is the largest independent pension fund manager (not affiliated to a large financial institution) and the fastest growing in Mexico. During ACON’s investment period, InverCap’s managed funds improved dramatically in the official rankings and, starting in December 2011, ranked #1 across all fund categories. Additionally, InverCap’s assets under management grew 118% from MXP$53.4 billion to MXP$116.4 billion, the number of affiliated clients grew 53%, from 918,000 to 1.4 million and its market share in the Mexican private pension fund system rose from 3.8% to 5.6%.
Location: Mexico, Nuevo León, Monterrey