Mexico Infrastructure Partners

What Mexico Infrastructure Partners does

Mexico Infrastructure Partners (MIP), founded in 2012 and headquartered in Mexico City, is an independent, partner-owned investment manager specializing in energy and infrastructure assets across Latin America. The firm administers and operates a diversified portfolio across eight investment platforms — Roads, Social, Telecom, Water, Airports, Ports, Power Generation, and Midstream — spanning 37 investments with US $12.3bn in total enterprise value and US $6.6bn in assets under management. MIP's product set combines six closed-end proprietary funds (EXI through FIECK), open-end vehicles, international funds (EXI LatAm, MIP Colombia I / CIEF), and three BMV-listed FIBRA E vehicles: FEXI (toll roads, 610+ km), FSOCIAL (federal penitentiary infrastructure), and FIEMEX (8.5 GW of power generation capacity representing 16% of Mexico's installed generation). Two in-house operating platforms — Operadora Quantum for toll roads and Quantum Energía for power generation — allow MIP to manage assets directly rather than outsourcing operations.

The firm generates revenue primarily through management fees on its US $6.6bn AUM, performance-based carried interest on fund returns, and co-investment returns alongside managed funds. Distribution is dual-track: BMV-listed public vehicles (FIBRAs E and CKDs) provide capital-markets liquidity, while direct institutional fundraising targets Mexican AFORE pension funds (anchor investors since Fund I), international institutional investors, sovereign wealth funds, development banks, and multilateral institutions. MIP's go-to-market is relationship-driven enterprise sales to these institutional counterparties, leveraging deep regulatory relationships with CFE (national utility) and FONADIN (national infrastructure fund).

MIP maintains 8 offices across 4 continents and operates in Mexico, Colombia, Peru, and the United States. Strategic partnerships include a 50/50 co-control arrangement with Ardian in MXT Holdings (telecom infrastructure), and FIEMEX is co-managed with FONADIN under long-term PPAs with CFE. The firm was ranked #1 General Partner in Latin America and #41 globally by Infrastructure Investor in 2025, with a track record spanning roughly 14 years from fund inception and a US $12+ billion five-year investment plan announced in May 2026 covering renewables, highways, midstream, and digital infrastructure.

Name

Mexico Infrastructure Partners

Legal name

MIP Administración S.C.

Website

https://mexicoinfra.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Mexico Infrastructure Partners is an independent, partner-owned investment manager founded in 2012 that administers US $6.6bn AUM across 8 infrastructure platforms in Latin America, serving AFORE pension funds, sovereign wealth funds, multilaterals, and international institutional investors through proprietary funds and BMV-listed FIBRA E vehicles.

Ownership category

akta.pro rank

Headquarters

HQ city

Ciudad De León

HQ country

Mexico

HQ region

Latin America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Fees: MIP earns management fees based on assets under administration across its 6 closed-end proprietary funds, 3 open-end funds, and 2 FIBRA E (REIT) vehicles listed on the Mexican Stock Exchange. Management fees are calculated on AUM of US $6.6bn.
2. Performance/Carried Interest: The firm earns performance-based carried interest on fund returns when investments exceed specified hurdles, aligning manager and investor interests in long-term value creation.
3. Co-investment Returns: MIP generates returns through direct co-investments alongside its managed funds, including investments in energy, transport, digital infrastructure, logistics, water, and social platforms across Latin America.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Mexico Infrastructure Partners (MIP) is an independent, partner-owned infrastructure investment manager founded in 2012 and headquartered in Mexico City. The firm manages proprietary closed-end funds and publicly listed FIBRA E (infrastructure REIT) vehicles on the Mexican Stock Exchange, investing in energy, transport, digital infrastructure, logistics, water, and social infrastructure assets across Latin America. MIP operates what it owns through in-house operating platforms (Operadora Quantum for toll roads, Quantum Energía for power generation), managing US $6.6bn in AUM across 37 investments and US $12.3bn in portfolio enterprise value.

Product overview

Mexico Infrastructure Partners operates as a fund management firm offering a portfolio of closed-end proprietary funds and publicly traded FIBRA E (infrastructure REIT) vehicles. The core fund series includes EXI (Fund I), Fondo I Serie B, EXI 2 (Fund II), EXI 3 (Fund III), and FIECK (Fund IV), alongside international vehicles like EXI LatAm, EXI LatAm Serie B, and MIP Colombia I (CIEF). Publicly listed FIBRA E vehicles include FEXI (toll road platform with 610+ km of highway concessions), FSOCIAL (social infrastructure including penitentiary centers), and FIEMEX (largest private power generation platform in Mexico with 8.5 GW capacity). The firm also previously operated MXT Holdings telecom infrastructure platform. All funds are structured for long-term investment in energy, transport, digital infrastructure, logistics, water, and social sectors.

Differentiator

Problem solved

Functional benefit

Brands

• FEXI: FIBRA E platform — flagship toll road concessions vehicle listed on the Bolsa Mexicana de Valores. Covers six highway concessions totaling over 610 km across Mexico.
• FIEMEX
• FSOCIAL
• Operadora Quantum
• Quantum Energía
• MXT Holdings

Products and services

• EXI (Fondo I) First closed-end infrastructure fund issued in December 2014 with major AFORES (Mexican pension funds) as anchor investors; the inaugural vehicle in MIP's core fund series for energy and infrastructure investments.
• Fondo I Serie B First co-investment vehicle launched in December 2016 through series B structure, enabling additional investor participation alongside the main EXI fund.
• EXI 2 (Fondo II) Second closed-end infrastructure fund launched in May 2017, focused on platforms investment across energy and infrastructure sectors.
• EXI LatAm First international fund launched in September 2018 marking MIP's regional expansion into Colombia and broader Latin American infrastructure markets.
• EXI LatAm Serie B Series B of the international fund launched in May 2019, providing additional co-investment capacity for Latin American infrastructure assets.
• EXI 3 (Fondo III) Third closed-end fund launched in January 2020, continuing MIP's investment strategy in energy and infrastructure. Later used to fund a sixth BMV-listed vehicle for the acquisition of 13 power generation assets worth approximately US $6bn.
• FEXI (FIBRA E) Toll road platform REIT listed on the Mexican Stock Exchange in July 2021; manages six highway concessions spanning over 610 km across Mexico with inflation-protected tariffs and an average concession term exceeding 26 years.
• FSOCIAL (FIBRA E) Social infrastructure REIT listed on the BMV in March 2023, integrating 97.77% of two Federal Penitentiary Centers located in Guanajuato (Sarre) and Sonora (Pápagos).
• FIECK (Fondo IV) Fourth proprietary closed-end fund issued in October 2023 on the Mexican Stock Exchange.
• FIEMEX (FIBRA E) FONADIN's flagship power generation platform managed by MIP and operated by Quantum Energía; comprises 12 combined-cycle gas power plants and one wind facility totaling 8.5 GW (16% of Mexico's installed generation capacity). Listed as a FIBRA E in June 2025 with a market capitalization of US $4.5bn.
• MIP Colombia I (CIEF) Private investment fund focused on Colombian infrastructure investments under the CIEF (Compartimiento de Inversión en Infraestructura) structure.

Quantifiable outcome

• 3,872.48 tCO2 emissions avoided in 2023, equivalent to 63,109 trees over 10 years
• +6 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered major and core.

• AccionamajorStrategic or Co-development Partner · 1 January 2026MIP acquired 321 MW of renewable energy projects from Acciona, the Spanish multinational energy company. This acquisition was part of MIP's $12 billion five-year infrastructure investment plan and represents early deployment of the renewable energy tranche targeting approximately 6 GW of solar and wind capacity.
• CFE (Comisión Federal de Electricidad)coreStrategic or Co-development PartnerFIEMEX fund invests in power generation asset development in partnership with CFE (Mexico's national electricity utility) under long-term Power Purchase Agreements (PPAs). The structure preserves the Mexican government's majority ownership and strategic control over the country's power infrastructure while enabling private capital participation.
• FONADIN (Fondo Nacional de Infraestructura)coreStrategic or Co-development PartnerFIEMEX is FONADIN's flagship power generation platform. FONADIN is Mexico's national infrastructure development fund. MIP Real Assets manages FIEMEX and Quantum Energía operates the platform comprising 8.5 GW of generation capacity representing 16% of Mexico's installed generation capacity.
• MXT HoldingscoreStrategic or Co-development PartnerMXT Holdings is a telecommunications infrastructure company founded in 2015 by Antoine Delaprée. As of June 2023, MXT operated approximately 650 telecom towers, 3,500 km of optic fiber networks, and 11 indoor DAS systems. MIP and Ardian are 50/50 co-control partners in MXT following Ardian's acquisition of 50% stake.

Scale indicators16 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Brookfield Infrastructure Partners: Brookfield is the world's largest infrastructure asset manager with significant LATAM and Mexico exposure across power, telecom, and renewables. It competes head-to-head with MIP for institutional capital and Mexican infrastructure deals, making it the most directly comparable GP in scale and strategy.
• Stonepeak Infrastructure Partners: Stonepeak is a leading infrastructure-focused private equity firm with significant digital infrastructure, energy, and transport investments across the Americas. It targets similar asset classes to MIP and is a credible emerging competitor for LATAM infrastructure mandates.
• IFM Investors: IFM is a major Australian-headquartered infrastructure investor with global funds and LP relationships similar to MIP's, including pension fund and sovereign wealth fund capital. It competes for institutional commitments and has expanded into emerging market infrastructure including LATAM.
• Global Infrastructure Partners (BlackRock): Global Infrastructure Partners, acquired by BlackRock in 2024, manages multi-billion-dollar infrastructure funds globally with LATAM and emerging market exposure. It competes directly with MIP for institutional infrastructure mandates and is a similar focused infrastructure GP.
• I Squared Capital: I Squared Capital is a dedicated infrastructure private equity firm with active LATAM and emerging market infrastructure strategies. It is similar in size and focus to MIP, competing for the same institutional LP base and mid-market infrastructure assets in Mexico and the broader region.

Broad incumbents

• Macquarie Asset Management: Macquarie pioneered infrastructure fund management and operates the largest dedicated infrastructure platform globally with broad LATAM exposure. It is a broader incumbent than MIP, with infrastructure as one of many strategies, but is the most established direct peer in the asset class.
• IDB Invest: IDB Invest is the private sector arm of the Inter-American Development Bank, financing infrastructure across LATAM including Mexico. It frequently co-invests alongside MIP in Mexican infrastructure and is a comparable institutional capital source competing for similar deals.
• KKR Infrastructure: KKR's Global Infrastructure strategy invests in core and core-plus infrastructure globally and has made selective LATAM investments. It is a broader PE incumbent but its dedicated infrastructure strategy competes with MIP for institutional capital and assets in the region.

Regional players

• CAF (Development Bank of Latin America): CAF is a Latin American development bank financing infrastructure across the region, including Mexico, Colombia, and Peru. It is a regional institutional capital provider and co-investor rather than a direct GP competitor, but plays a similar role mobilizing institutional capital into LATAM infrastructure.

Emerging players

• Actis: Actis is an emerging markets infrastructure and energy investor with significant LATAM presence in renewables, digital infrastructure, and transport. It is a focused EM specialist comparable to MIP but with broader geographic scope across Africa, Asia, and LATAM.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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 Mexico Infrastructure Partners