Acosta & Galarza instructed on first Colombian toll-road project fund formation

Colombian law firm Acosta & Galarza advised Credicorp Capital and Sura Asset Management on structuring a $400 million fund focused on providing senior debt financing to toll-road projects in Colombia.

Credicorp Capital is a financial advisory subsidiary of Credicorp, the Peruvian financial conglomerate. Sura Asset Management is the pensions and investment subsidiary of Grupo Sura, the Colombia-based multinational holding group.

The fund will channel private financing to infrastructure projects in Colombia, part of the wide-ranging fourth generation (4G) investment programme. The project is expected to support a more balanced regional economic growth and job opportunities throughout the country.

Partner Rodrigo Alarza led the team advising on the fund creation.

Ignacio Abella