CFECapital

What CFECapital does

CFECapital, S. de R.L. de C.V., is the trust administrator for CFE FIBRA E, Mexico's first Energy and Infrastructure Investment Trust. Incorporated in December 2017 as a wholly-owned subsidiary of the Comisión Federal de Electricidad (CFE), Mexico's state-owned electricity utility, CFECapital administers Irrevocable Trust CIB/2919, which holds 6.78% of the fiduciary rights of the Promoted Trust (F/80758). The Promoted Trust holds the collection rights to regulated transmission tariff payments made by the National Energy Control Center (CENACE) to CFE Transmisión, the state-owned operator of Mexico's 110,000+ km National Transmission Grid. CFE FIBRA E has a finite 30-year term ending in 2048, and CFE retains 100% ownership of the underlying physical transmission assets — the trust monetizes tariff cash flows only.

CFECapital's revenue mechanics rely on a financial-trust structure rather than a technology platform. The trust issues Trust Stock Certificates (CBFEs) traded on the Bolsa Mexicana de Valores (BMV, ticker FCFE18) and Bolsa Institucional de Valores (BIVA). Series A (75% — 853,195,411 units) is held by public investors; Series B (25% — 284,398,471 units) is held by CFE and CFE Transmisión and is subordinated for minimum quarterly distribution purposes. Distributions are paid quarterly (last business day of March, June, September, December) at a minimum of MXN 0.575 per CBFE, with a 95% distribution requirement embedded in the structure. Asset collection is regulated by the National Energy Commission (CNE).

Go-to-market is institutional investor relations conducted through dual exchange listings, quarterly earnings calls, audited financial reporting, and — most recently — international capital markets. The Initial Public Offering on February 8, 2018 raised MXN 16,210 million (~USD 850 million) at MXN 19 per certificate. On September 11, 2025, the trust completed an inaugural international bond issuance of USD 725 million with a 15-year tenor, drawing record demand of USD 6,360 million from 240 institutional investors across 32 countries, anchored by the International Finance Corporation's USD 75 million commitment — the first project between IFC and CFE. An MXN 1,119 million distribution to investors was executed from bond proceeds by October 2025.

Name

CFECapital

Legal name

CFECapital, S. de R.L. de C.V.

Website

https://cfecapital.com.mx

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

CFECapital is the trust administrator for CFE FIBRA E, Mexico's first energy and infrastructure investment trust. A wholly-owned subsidiary of CFE, it distributes regulated electricity transmission tariff flows to public certificate holders via BMV/BIVA-listed CBFEs and a 2025 international bond.

Ownership category

akta.pro rank

Product category

Infrastructure Investment Trust

NAICS

Trusts, Estates, and Agency Accounts (525920), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Finance Services (6199)

akta.pro primary industry

Corporate & Institutional Trust Services (FSAAANAB)

Keywords

• Infrastructure investment trust
• Energy transmission financing
• Trust certificate administration
• Electricity sector investment
• Mexican FIBRA E

Headquarters

HQ city

Mexico City

HQ country

Mexico

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Trust Certificate Distributions (CBFE Distributions): CFE FIBRA E generates revenue through collection rights to transmission tariff payments from CENACE. The Fideicomiso Promovido receives weekly deposits from CENACE (National Energy Control Center) based on regulated transmission tariffs. Distributions are made to CBFE holders quarterly (last business day of March, June, September, December), with the minimum quarterly distribution set at MXN $0.575 per certificate. CFE FIBRA E holds 9.5075% of fiduciary rights, with CFE retaining 90.4925%.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

CFECapital administers CFE FIBRA E, Mexico's first Energy and Infrastructure Investment Trust, which is dedicated exclusively to the electricity transmission sector. The trust monetizes future transmission tariff collection rights held against CENACE and channels national and international private capital toward the modernization of CFE's National Transmission Grid without transferring ownership of the physical infrastructure. CFECapital issues and manages listed Trust Stock Certificates (CBFEs) that pay quarterly distributions backed by regulated transmission tariffs over a finite 30-year term.

Product overview

CFECapital operates as a single unified investment trust administrator managing CFE FIBRA E, Mexico's first energy and infrastructure investment trust focused exclusively on the electricity transmission sector. The product portfolio centers on CBFEs (Trust Stock Certificates) divided into Serie A (75% for public investors) and Serie B (25% for CFE), supplemented by investor tools including a yield calculator, financial information portal, quarterly investor calls, and a corporate governance microsite. The trust monetizes future transmission revenue flows over a finite 30-year term without transferring physical assets.

Differentiator

Problem solved

Functional benefit

Products and services

• CFE FIBRA E First Energy and Infrastructure Investment Trust (FIBRA E) in Mexico, specialized in the electricity transmission sector. Channelizes private capital for strategic projects of the Federal Electricity Commission (CFE). Investors acquire listed trust certificates (CBFEs) — Series A (75%, publicly traded) and Series B (25%, held by CFE) — that pay quarterly distributions backed by regulated transmission tariffs over a 30-year term.

Quantifiable outcome

• Record demand of US$6,360 million for inaugural international bond (September 2025)
• +1 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered minor and core.

• Financial Post / News PublishersminorGTM or Marketing Partner · 31 October 2025News coverage of CFE Fibra E's successful US$725 million inaugural bond issuance and MXN $1.119 billion distribution to investors, reaching financial media audiences.
• Citibank MexicocoreOthers · 11 September 2025In September 2025, CFE FIBRA E appointed Citibank Mexico as its new trustee, replacing CIBanco, as part of fiduciary structure updates. The company approved the substitution of the fiduciary in a relevant event announcement.
• Nacional Financiera, Sociedad Nacional de Crédito, Institución de Banca de DesarrollocoreOthers · 7 February 2018Nacional Financiera serves as Trustee (Fiduciario) of the Promoted Trust (Fideicomiso Promovido F/80758), holding the collection rights from CENACE for transmission tariffs and managing the trust structure that generates distributions for CFE FIBRA E certificate holders.
• CIBanco, S.A., Institución de Banca MúltiplecoreOthers · 22 January 2018CIBanco serves as the Issuing Trustee (Fiduciario Emisor) for the CFE FIBRA E trust (Contract CIB/2919), managing the trust certificate issuance and holding fiduciary responsibilities for the trust assets.
• Monex Casa de Bolsa, S.A. de C.V., Monex Grupo FinancierocoreOthers · 22 January 2018Monex serves as the Common Representative of Certificate Holders (Representante Común de los Tenedores) for CFE FIBRA E, acting as fiduciary representative for the investor certificate holders.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/CFEmx
• LinkedInlinkedin.com/company/cfecapital-s-de-rl-de-cv

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CFECapital