GT Law assists FANVIT in $400m CERPI issuance
Greenberg Traurig, through its Mexico City office, has assisted Fondo de Apoyo a las Necesidades de Vivienda de los Trabajadores (FANVIT), an investment fund created by the Instituto del Fondo Nacional de la Vivienda para los Trabajadores (INFONAVIT), in the issuance of Certificados Bursátiles Fiduciarios de Proyectos de Inversión (Certificates for Investment Projects, “CERPIs”) for MXN $7,227 million (USD $400 million) on the Bolsa Institucional de Valores (BIVA) by a new trust created for such purpose.
The CERPI, with ticker symbol FANVIPI23, will allow FANVIT to make alternative investments in private equity, debt, infrastructure and real estate funds through the issuing trust.
FANVIT’s mission is to be the institutional fund of Infonavit’s beneficiaries to meet the future housing needs of workers; to offer savers a more diversified portfolio to improve the yield they receive in their housing sub-account, which they can use for the down payment or to supplement their pension; and to invest in instruments that contribute to the country’s development through profitable projects with sound corporate governance.
GT Law’s team was led by partners David Argueta (pictured left) and Antonio Robles Hüe (pictured right). Additionally, tax practice partner Erika Baez and associate Rodolfo Flores-Urquiza Sosa participated in the matter.
