GBM Closes Debt CCD

GBM Closes Debt CCD

Mexico Equity

Grupo Bursatil Mexicano (GBM) has raised MXP1.3bn ($101m) for a certificado de desarrollo de capital (CCD) fund, according to regulatory documents. The 5-year fund is to focus on making investments in debt assets, and expects a return of 6%-8%. The deal is the first in the CCD class to be placed without participation from pension funds, GBM says, instead relying on private banking and “other” institutions. The fund is GBM’s second CCD, following a 10-year infrastructure investment-focused fund l

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