PineBridge Plans Credit CCD

PineBridge Plans Credit CCD

Mexico Funds

PineBridge Investments is preparing a second Certificado de Capital de Desarrollo (CCD) transaction in Mexico's domestic market, this time focused on credit investment, according to regulatory filings. It does not yet put a size on the fund, which will amass a portfolio of credit to Mexican entities, including bonds, mezzanine debt and loans. The 10-year fund envisions a 2-year investment period, and forecasts a 12%-15% return. The timing is unclear. JPMorgan is managing the sale, with Finmecap

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