Acon Exits InverCap

Acon Exits InverCap

Mexico Funds

Acon Investments’ Acon Latin America Opportunities Fund has finished divesting its stake of more than $50m in Mexico’s InverCap Holdings, the parent of Afore InverCap, it says. The private equity fund had initially invested in the pension manager in 2010, through a transaction involving debt and warrants, and saw returns commensurate with the company’s growth, say people familiar with the investment. During Acon's investment period, InverCap's assets under management grew 118%, to MXP116.4bn ($9

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