Colombia PE Infrastructure Fund Takes Shape

A new infrastructure fund being set up by Julio Torres, Colombia’s former head of public credit, and other executives, is heard gaining traction among local investors. “Our target is between $100m and $150m,” Torres tells LatinFinance, adding he’s been approaching local pension funds and family offices for commitments. Full funding is expected by July and resources are to be deployed quickly, says Torres. Diligo, as the advisory shop is called, has partnered up with Nexus, a local asset manager, to form the ND Latin America Infrastructure Fund I. An advisory board for Diligo has also been established, which counts as its members Isaac Yanovich, former president of Ecopetrol; Luis Ernesto Mejia, former minster of energy and mines under Uribe; Maria Isabel Patino – a former infrastructure official for the city of Bogota – and Peter Grossich, an investment banker and principal at Nexus.