MGi SAFI’s $75 Million Funds Formation

Cuatrecasas has advised MGi SAFI S.A. on the deal.

MGi SAFI S.A. announced the structuring and setting up of its first public investment funds under the general regime in Peruvian soles and US dollars, totaling over USD 75 million. The registration procedure of the funds with the Peruvian Securities Commission (SMV) was completed in November 2021.

The investment fund in Peruvian soles—FI IMPULSO ACREENCIAS MN 2—was established up to PEN 100 million; while the fund in US dollars—FI IMPULSO ACREENCIAS ME 2—was established under the same general regime up to USD 50 million.

B

oth investment funds will be available to the general public and benefit individuals and companies by providing liquidity in exchange for their accounts payable, represented by any type of instrument.

The funds aim to provide a more efficient method of financing for players in various sectors of the Peruvian economy, and can participate up to a 25% limit in international transactions, thus replacing more traditional forms of financing.

The Cuatrecasas team included lawyers Oscar Trelles (Picture), Kiomi Osorio and Alejandro Zorrilla. Stephany Pariona acted as in-house counsel for MGI SAFi.

Involved fees earner: Kiomi Osorio – Cuatrecasas; Oscar Trelles de Belaunde – Cuatrecasas; Alejandro Zorrilla – Cuatrecasas;

Law Firms: Cuatrecasas;

Clients: MGi SAFI;