Altum Capital issues CKD certificates for MXN 702.9 million

Mexico City, April 11^th, 2022 – Altum Capital, managed by Legorreta Gómez y Asociados S. de R.L. de C.V. (LG&A), an investment firm focused on structuring senior secured private debt in Mexico, successfully issued for the second time CKD certificates for an aggregate amount of MXN 702.9 million with a term of seven years in the Mexican stock exchange “Bolsa Institucional de Valores” (BIVA).

The offering of CKDs was mainly subscribed by investment managers and insurance companies. The vehicle with the tickers ALTUMCK 22 aims to fund non-banking financial institutions and Medium Size Companies in Mexico, promoting financial inclusion in the country.

Altum Capital will invest the proceeds from the offering over the next two years, originating senior secured structured loans ranging from MXN 75 million to MXN 250 million.

In its almost 8 years of operations, Altum Capital has originated and structured loans in Mexico for an aggregate amount of more than MXN 10.000 million to date and currently manages more than MXN 4,100 million diversified in 66 structured loan investments in different sectors.

“With the funds raised through the second issuance of the CKD, Altum Capital maintains its funding capabilities, thereby further helping Mexican Small and Medium Size Companies through debt financing for their investment and working capital needs. This second issuance also demonstrates that there is an increasing appetite form institutional investors in attractive risk adjusted returns offered by senior secured private debt”, said Gerardo Legorreta, Altum Capital’s CEO and Founder.

The financial advisors and placement intermediaries were Investia Asesores Financieros and Actinver Casa de Bolsa. The legal and tax counsel were Mijares, Angoitia, Cortés y Fuentes, S.C., Galicia Abogados, S.C., and Creel Abogados, S.C. Banco Invex is the Trust Issuer and the Certificate Holders’ Representative is Monex Casa de Bolsa.

About Altum Capital

Founded in July 2014, Altum Capital is an investment fund specialized in senior secured private debt. As of April 2022, Altum Capital had invested in almost 200 senior secured structured credit transactions in Mexico.

Altum Capital’s investment thesis consists in pursuing superior risk adjusted returns for investors, providing direct access to private credit opportunities that exist given Mexico’s low credit penetration.

In the seven years since the Fund’s inception, Altum Capital has funded its investment portfolio through nine equity private placements, two USD private funds and now two CKD issuances with investors from Mexico and abroad and has obtained credit lines from domestic and international banks including the International Finance Corporation (IFC).

About LG&A

Legorreta, Gómez y Asociados S. de R.L. de C.V. (LG&A) is the Fund Manager and is run by Gerardo Legorreta, Miguel Gómez, Michelle Schlam, Eduardo Legorreta and Francisco Salas, who have vast experience in the financial industry. LG&A currently manages more than MXN 4,800 million (excluding the amount issued in this CKD Offering) through two private credit investment strategies, one in Mexican Pesos and one in US Dollars and through ALTUMCK 19 public placement.