Local domiciled private-equity funds are enjoying strong growth just as the regulator is proposing increased limits on AFP investments in alternatives.
AFPs may gain authorization to invest directly in infrastructure projects
May 18, 2016 by
The proposal would authorize direct investment by AFPs and insurers in infrastructure projects, and no longer require the managers to allocate to local closed-end investment funds.
Acafi promotes boost in alternatives investment, but through Chilean-domciled funds
February 9, 2016 by
In light of a potential boost in AFP investment in alternatives, Cristián Letelier of the Acafi trade group wants the pension managers to continue using local funds to do so, enumerating many benefits of the current practice.
Picton head favors direct AFP investment in alternatives
January 21, 2016 by
The tax benefits of local feeders still make sense for insurers and family offices, says Matías Eguiguren of Picton Advisors. But allowing the tax-exempt pension funds to invest directly offshore "would give them the opportunity to differentiate themselves."
Conversion to public status boosts visibility of Chilean PE funds
September 10, 2015 by
The number of closed-end investment funds in Chile grew more than 30% in the first quarter of 2015 due mainly to the conversion of private funds into public funds, according to the president of the Chilean Investment Funds Association, Luis Alberto Letelier.
Foreign investors in Chilean funds get favorable tax treatment
April 9, 2015 by
Thanks to the recently-enacted Unified Fund Law (LUF), foreigners investing in Chilean-domiciled funds will be subject to a maximum 10% tax ceiling, even if direct investment in underlying assets is subject to a higher tax rates, says Luis Alberto Letelier, a legal advisor to the Chilean Association of Investment Fund Managers (ACAFI).
Corfo sees ending support for private equity by 2030
January 19, 2013 by
The state entity says 33% private participation in financing was achieved in 2012, and expects this figure to reach 60% by 2020.
Corfo sees ending support for private equity by 2030
January 19, 2013 by
The state entity says 33% private participation in financing was achieved in 2012, and expects this figure to reach 60% by 2020.
