The Dominican stock market continues to develop with the inclusion of a new Investment Fund Manager that opens its doors to serve institutional investors.
TC Investment Partners, an institutional manager of alternative investments, through its firm TC Latin America Partners, opens its doors in the Dominican Republic to start investing in real estate assets throughout the country.
The subsidiary will operate under the name TC Latin America Partners, Sociedad Administradora de Fondos de Inversión (TC AFI) and will be led by Luis A. Santana, partner of TC Investment Partners, who has extensive experience in the management of investment funds in Latin America and the U.S. TC AFI will have the support of a regional and multidisciplinary team that will allow it to operate under the highest quality standards in the industry.
During the last decade TC Latin America Partners has made investments in Colombia, Peru, Mexico and Chile for about $730 million in 59 real estate assets; the firm stands out for its thematic investment strategy, focused on risk management and capital preservation.
“We are very excited about the launch of TC AFI, which aims to channel the country’s institutional capital into a sector of the Dominican economy that we see as an engine for development. In addition, we believe that our thematic strategy and regional experience will give us a competitive advantage in the local market,” said Gregorio Schneider, co-founder of TC Investment Partners.
TC AFI obtained its operating license from the Dominican Republic’s Superintendencia del Mercado de Valores last June; its investment strategy will focus mainly on the development of low-income housing, industrial assets, healthcare and digital infrastructure.
“Channeling capital to generate development and social welfare in my country is a shared purpose that is materializing today. Our intention is to replicate in the Dominican Republic some of the strategies in which we have been successful in other Latin American countries; in the low-income housing sector, for example, we have invested US$125 million in 17 projects that have generated decent and affordable housing for some 32,700 families in the region. In addition, some of our projects have obtained EDGE certification for sustainable development, a standard that we will seek to implement in the portfolio managed by TC AFI,” added Luis A. Santana.
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