AAM registers an investment fund to boost companies in the country
December 20, 2016
The fund seeks to develop the national productive sector through investments in certain companies in search of capital.
The Superintendency of Securities approved and registered a closed-end fund for business development, submitted by Advanced Asset Management (A, Feller), an investment management company. This fund is aimed at supporting - through debt and/or capital investments - a select number of production companies in the Dominican Republic. In this way, these companies will have financial resources available that will allow them to attain their growth and corporate reorganization objectives in the medium and long term.
The Closed-End Fund for Business Development -Advanced Oportunidades de Inversión - has a nominal value of One Million Dominican Pesos (RD$1,000,000.00) and a maturity period of ten (10) years from the date of issue.
Felipe Amador, AAM’s Managing Director, explained that this fund is envisioned to contribute to the development of Dominican companies seeking an efficient debt-to-equity ratio to expand their product and service portfolio, or to venture into new markets. "The fund will serve as an alternative, custom-made capital source for the companies that can access the fund", he added.
The Fund's rating (BBB) by Feller Rate Dominicana indicates that the fund's equity units are adequately protected against losses, thus strengthening the current market offer, where there is still room to supplement traditional sources of financing. The Fund seeks to provide select companies in the country with the financial freedom they need to grow, thus contributing to the development of the Dominican economic sector.
"At AAM we have a world-class human capital with decades of experience in local and international markets. Our team is committed to identifying and implementing interesting investment opportunities that will provide the fund’s investors with greater diversification of their portfolios by adding an attractive risk/return profile", said Amador.
Advanced Asset Management is a subsidiary of Diesco Group, a Dominican industrial consortium with a track record of over 50 years, led by businessman Manuel Diez Cabral.