GBM Set to Close Debt CCD

Grupo Bursatil Mexicano (GBM) is scheduled to close books today on a certificado de desarollo de capital (CCD) fund that may raise as much as MXP2.0bn ($157m), 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 fund is the group’s second CCD, following a 10-year infrastructure investment-focused fund launched last year with MXP750m and expected to eventually reach MXP3.75bn. This year’s CCD is to be pre-funded, as opposed to last year’s, which is reaching its target via capital calls. GBM is managing the placement of the CCDs.