WHO WE ARE

We date back to 1996 when Nacional Financiera had their first commitments with private equity funds. By 2006, in addition to this institution, Focir, Banobras and Bancomext made isolated capital commitments in fourteen investment funds totaling US$ 134 million. That same year, Fund of Funds (FdeF), specializing in private equity investment, was created combining these commitments of the 4 institutions into 4 shareholders whose main goal is to generate attractive risk, adjusted returns and encourage private equity industry in Mexico. Since then, Fund of Funds has implemented a strategic plan to manage third party resources under international best practices, creating unique databases in the industry and recruiting renowned experts to strengthen its founding team. 

Currently, FdeF manages commitments of more than US$ 700 million. Of this total ten percent   belongs to other institutional investors who rely on the expertise of the FdeF team.

“Our main objective is to generate attractive risk adjusted returns and encourage private equity industry in Mexico.”


 

OUR MISSION

Encourage the development of the private equity and venture capital markets by providing long-term financial resources to Mexican companies in order to boost their competitiveness and increase their business opportunities.

OUR VISION

Be the main driver of Private Equity & Venture Capital in the country   - a vehicle for the development of Mexican companies.

GOALS

  • Promote the culture of Private Equity & Venture Capital in the country and stimulate changes in the legal frameworks that are appropriate for this purpose.
  • Manage venture capital programs of third parties based on public and private resources.
  • Design and operate exit mechanisms that are suitable for these investments and promoting the creation of vehicles to do so.
  • Manage and invest the funds provided by government entities in companies, organizations and joint stock funds, focusing the capital on the areas of attention specified by those entities. 

Economic Impact


 

CODE of ETHICS

The Code of Ethics and Conduct of the Corporación Mexicana de Inversiones de Capital or Fund of Funds, contains a message from the chairman of the Board as well as an introduction to the history of the institution.

The purpose of the code of ethics is to guide, in a practical and schematic way, the behavior of the people who form or have a relation with Fund of Funds. It also determines the corporate philosophy, based on its mission, vision and ethical values. This code specifies the awareness and compliance of rules, policies, manuals and procedures. The general guidelines of behavior and performance are as follows:

  • Honesty and responsibility
  • Equal rights and non-discrimination
  • Health, safety and working environment
  • Use of company property
  • Relation with other funds, authorities and suppliers
  • Gratuities 

Moreover, the code provides a framework to follow in case a conflict of interest arises and thus  in turn, implements the methods for resolution. The Code lists the categories of information, classifying them either confidential and/or private. It also indicates the barriers encountered by sharing information.

The code of ethics is based on international best practices, although FdeF  is not supervised by the financial authorities.  The code sets guidelines for the prevention of money laundering. It also indicates who is responsible for its interpretation alluding to violations, unacceptable behavior and sanctions. It also describes the existence of an anonymous tip line.

Finally, it considers FdeF social responsibility through guidelines. There are two annexes: the first contains the code’s letter of awareness, and the second, the stance on transactions with related parties.

 

MANUALS AND INVESTMENT POLICIES

Manuals, codes of ethics and policies and procedures were created to govern the operation of Fund of Funds. Compliance and Risk management Director reports directly to the Audit Committee.

 

 Download Code of Ethics PDF 


 

CORPORATE GOVERNANCE

The Management Board of Fund of Funds is made up of four board advisors, appointed by the shareholders, and four independent board advisors. With this structure, best international practices of Corporate Governance are ensured.

The subsidiary bodies of the Board consist of three committees:  (1) Investment Committee, which analyzes and recommends investment decisions to the Board, (2) Audit Committee, which oversees and monitors the activities and, (3) the Corporate Practices Committee that assists the Board in its review of manuals, policies, nominations and evaluation of advisors and directors, job profiles, compensation plans and transactions with related parties.


 

THE BOARD

RAÚL SOLÍS

PRESIDENT

INDEPENDIENT BOARD ADVISORS

GUILLERMO VOGEL

ROBERTO NEWELL

BENITO SOLÍS

JACQUES ANTEBI

BOARD ADVISORS

LUIS IBARRA

MIGUEL SILICEO

ENRIQUE LARA 

 


 

INVESTMENT COMMITTEE

GUILLERMO VOGEL 

PRESIDENT

INDEPENDIENT BOARD ADVISORS

ROBERTO NEWELL

BENITO SOLIS

BOARD ADVISORS

RAÚL SOLÍS

JOSÉ LUIS G. ARELLANO

MIGUEL SILICEO 

Descargar PDF  Políticas Generales de Inversión


 

AUDIT COMMITTEE

JACQUES ANTEBI

PRESIDENT

INDEPENDIENT BOARD ADVISORS

ROBERTO NEWELL

BOARD ADVISORS

TANÍA ANAYA

MARTHA MARTÍNEZ 

 


 

CORPORATE PRACTICES COMMITTEE

ROBERTO NEWELL

PRESIDENT

INDEPENDIENT BOARD ADVISORS

JACQUES ANTEBI

BOARD ADVISORS

JESÚS LEAL FÈLIX

MARTHA MARTÍNEZ

ROGELIO MIRAZO 

TANIA ANAYA