For counterparties
Investment criteria.
This page exists to save time — yours and ours. If you originate, structure, or represent investment opportunities, here is what we evaluate, what we do not do, and how to start a conversation.
We prefer a few well-qualified opportunities over a constant stream of generic proposals.
The fund originates primarily through direct relationships: financial institutions, notaries, brokers, developers, and operators with an existing track record with us. For first-time counterparties, these criteria are the first filter — and the fastest way to know whether it is worth writing to us.
What we look for
Criteria by platform.
Four platforms, one standard: verifiable cash flow, tangible collateral, and documentation that withstands scrutiny. We consider opportunities in Mexico, the United States, and Spain.
Real assets
- Income-producing real estate with demonstrable cash flow, or cash flow that can be stabilized in the short term.
- High-demand corridors with structural scarcity — currently focused on the Monterrey metropolitan area, with a mandate open to Mexico, the United States, and Spain.
- Clean legal standing: verifiable title, liens either nonexistent or quantified, and a seller with tax documentation in order.
- A thesis compatible with indefinite holding: we buy to keep, so entry price and cash-flow quality outweigh any exit narrative.
Private credit
- Financing backed by tangible collateral — preferably real estate — whose value can be independently verified.
- A conservative loan-to-value ratio.
- Enforceable documentation: contracts executed with Mexico's advanced electronic signature (SAT e.firma) and, where the transaction warrants it, bearing certain date before a notary; registrable collateral and a complete borrower file.
- Defined terms and payment schedules. We seek contractual returns, not speculative ones.
- Origination runs through a dedicated credit vehicle, separate from the fund's asset-holding company; its details are shared when the conversation begins.
Co-investments
- Operators with a verifiable track record and their own capital committed to the same project, on the same terms.
- Clear governance from the outset: information rights, decision mechanics, and exits agreed in writing.
- Sectors and business models we can understand in depth, with clean legal and tax structure.
- By invitation and among parties that know each other — consistent with the fund's private nature.
Global markets
Managed internally. We do not receive third-party proposals, financial products, or management services for this mandate.
The filter
What we don't do.
Saying no clearly is half our job. If your proposal falls under any of the following, the answer will be no — regardless of projected returns.
- 01No collateral, no operator. We do not finance working capital without tangible collateral, nor join projects without an identified, committed operator.
- 02Fundraising schemes. We take no part in structures offering "guaranteed" returns to third parties, nor in vehicles designed to raise money from the public.
- 03Opacity. We do not transact with counterparties unwilling to complete reciprocal KYC identification.
- 04Artificial urgency. If an opportunity demands closing within days, with no room for analysis and documentation, it is not for us.
The process
How to present an opportunity.
Initial summary
Write to [email protected] with a one-to-two-page summary: asset or project, location, core numbers, proposed structure, and the presenter's role.
Review against criteria
We confirm receipt and evaluate against the criteria on this page. If there is interest, we schedule a conversation and request the full file.
Analysis and decision
Documentary, legal, and financial due diligence precedes any commitment. The decision — either way — is communicated directly and in writing.
Per-transaction investment ranges and reference terms are shared with qualified counterparties during the initial conversation. Information received is treated confidentially per our privacy notice; submitting a proposal creates no obligation or relationship for the fund.