AC Capitales SAFI

Name

AC Capitales SAFI

Legal name

AC Capitales Sociedad Administradora de Fondos de Inversión S.A.

Website

https://accapitales.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Investment Fund Management (Real Estate and Infrastructure)

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)

SIC

Investors, Nec (6799)

akta.pro primary industry

Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)

akta.pro secondary industries

Corporate Finance & Capital Advisory (BPAHADAB), Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC)

Keywords

• Real estate funds
• Infrastructure funds
• Investment fund management
• Asset management
• Private equity investing

Headquarters

HQ city

Miraflores

HQ country

Peru

HQ region

Latin America

Offices1 record

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: AC Capitales generates revenue as the Sociedad Administradora de Fondos de Inversión (SAFI), managing investment funds in real estate and infrastructure sectors. The firm charges management fees on assets under administration and performance fees on realized returns. The firm has returned $510 million to investors across 40+ exits from its funds.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

AC Capitales SAFI is a Peruvian Sociedad Administradora de Fondos de Inversión that manages and administers investment funds focused on real estate and infrastructure assets in Peru. The firm raises capital from institutional investors and high-net-worth individuals through public mutual fund offerings (FIRBI AC Capitales Renta) and private placement funds (Real Estate Funds 1, 2, 3 and Infrastructure Funds I, II), deploying capital into housing developments, Class A/B+ offices, industrial properties, and regulated/contracted infrastructure assets such as water treatment, power generation, power transmission, rail, air cargo, and airport concessions.

Product overview

AC Capitales SAFI is a Peruvian investment fund management company (Sociedad Administradora de Fondos de Inversión) that operates as a platform for long-term capital management in real assets. The company manages multiple investment funds across two main sectors: real estate and infrastructure. The real estate division includes FIRBI AC Capitales Renta (a public offering real estate fund), and three Real Estate Funds (Fondo Inmobiliario 1, 2, and 3) that invest in housing developments, office buildings (rental and for-sale), and industrial properties. The infrastructure division includes Infrastructure Fund II and portfolio investments in water treatment (Consorcio Agua Azul), energy generation (Empresa Eléctrica de Piura), railways (Ferrocarril del Centro), logistics (Lima Cargo City), airports (Lima Airport Partners), and power transmission (Redesur). The company has executed over 40 exits and managed over 60 investments, returning $510 million to investors.

Differentiator

Problem solved

Functional benefit

Products and services

• FIRBI AC Capitales Renta Public real estate investment fund (Fondo Inmobiliario) offering quarterly dividend payments. Assets include boutique and Class B offices, an educational property, and an industrial warehouse. FIRBI A and FIRBI B share classes available, with risk ratings issued by PCR Rating (Overall Risk PEnM2f, Fundamental Risk PEnAf, Market Risk PEn2, Fiduciary Risk PEAf, Stable Outlook). FIRBI A share value was 0.38791 US$ as of 25 June 2026.
• Fondo Inmobiliario 1 (Real Estate Fund 1) First private real estate investment fund managed by AC Capitales. AUM exceeds US$260 million. Includes realized investments in IMAGINA housing developments (US$18M, 18% IRR, 2.1x CoC), Edificio Reducto office rental (21% IRR, 5.7x CoC), and ALBAMAR Burgos office for sale (US$1.3M, 28% IRR, 1.7x CoC). Led by Jenny Esaine.
• Real Estate Fund 2 (Fondo Inmobiliario 2) Second real estate fund structured by AC Capitales, currently developing the first eco-friendly condominium in Arequipa, Peru's second-largest city, in partnership with Inmobiliaria CISSAC (15 years in market, 4,000 units delivered). Project includes 500 apartments with US$50 million in expected sales. Ingrin Medina is part of the Fund 2 team responsible for portfolio monitoring and divestment strategy execution.
• Real Estate Fund 3 (Fondo Inmobiliario 3) Third real estate fund structured by AC Capitales for real estate investments in Peru. The fund's structuring was led by Jenny Esaine as Director of Investments.
• Infrastructure Fund II (Fondo de Infraestructura II) Second infrastructure investment fund managed by AC Capitales. Aaron Zambrano serves as Senior Vice President with main responsibility for investments and transactions. The fund targets capital-intensive infrastructure investments in regulated sectors including water treatment, energy generation, transmission, rail, airports, and logistics in Peru.

Quantifiable outcome

• Portfolio EBITDA grew 2.6x during the holding period for infrastructure investments
• +9 more outcomes

Named customers10 records

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 core and minor.

• Inmobiliaria Koricancha S.A. (Grupo Sandoval / AC Capitals)coreStrategic or Co-development Partner · 3 July 2026Lima Airport Partners (LAP) awarded Inmobiliaria Koricancha S.A., belonging to Grupo Sandoval and AC Capitals, the contract to design, build, and operate the first corporate office building in Nueva Ciudad Aeropuerto at Jorge Chávez International Airport, Lima. Investment of approximately US$21 million, 17,353 sqm building with 14,000 sqm leasable space. Expected commercial operations in early 2028.
• Inmobiliaria CISSACcoreStrategic or Co-development Partner · 1 November 2017Partnership with Inmobiliaria CISSAC (15 years in market, 4,000 units delivered) to develop the first eco-friendly condominium in Arequipa, Peru's second-largest city. Project to generate US$50 million in expected sales with 500 apartments.
• IMAGINA (Grupo Imagina)coreStrategic or Co-development PartnerPartnership with IMAGINA, one of Peru and Chile's largest real estate groups, for housing development. AC Capitales Fondo 1 invested US$18 million to construct, sell, and deliver 2,934 apartments across 10 projects in Lima, generating 18% IRR and 2.1x CoC.
• ALBAMARcoreStrategic or Co-development PartnerPartnership with ALBAMAR real estate developer for office development. AC Capitales invested US$1.3 million in construction and sale of 5,500 m² of Class A/B+ offices in Miraflores, Lima, generating 28% IRR and 1.7x CoC.
• Sedapal (Lima Water Authority)minorOthersConsorcio Agua Azul operates a water treatment plant under a take-or-pay agreement with Sedapal under regulated tariffs. This is the first PPA concession for a water treatment facility in Peru.

Scale indicators15 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Vinci Partners: Brazilian alternative asset manager focused on private equity, infrastructure, real estate, and credit in Brazil and Latin America. Directly comparable as a LatAm-focused, multi-strategy alternatives platform serving institutional LPs with real-asset funds.

Broad incumbents

• LarraínVial Asset Management: Chilean-headquartered asset manager with strong real estate and infrastructure capabilities across Chile, Peru, and other Andean markets. Closely comparable to AC Capitales on the Andean real-asset fund management thesis and shared geography.
• Patria Investments: Large Latin American alternative asset manager with private equity, infrastructure, real estate, and credit strategies across the region. Comparable to AC Capitales as a multi-strategy LatAm real-asset platform targeting institutional investors, but operating at much broader scale across geographies and fund types.
• BTG Pactual (Alternatives): Latin America's largest independent investment bank with significant private equity, real estate, and infrastructure fund management businesses across the region. Overlaps with AC Capitales on infrastructure investing in regulated LatAm concessions and real estate fund management, though at significantly larger scale.

Direct peers

• W Capital Partners: Peruvian private equity manager investing in mid-market companies and real estate projects in Peru. Directly comparable to AC Capitales as a Peru-based, real-asset focused alternatives manager serving institutional investors.
• Grupo ACP (Private Equity): Peruvian private equity firm investing across mid-market and growth-stage companies in Peru. Directly comparable as a Peru-domiciled alternatives manager targeting institutional capital for real-asset and operating company investments, often partnering with strategic operators.

Regional players

• Celfin Capital (Banmerchant): Chilean investment bank and asset manager with M&A advisory and fund management operations. Comparable to AC Capitales as a mid-market corporate finance and asset manager in the Andean region, though primarily Chile-focused.
• Banco de Crédito del Perú (BCP) - Wealth & Asset Management: Peru's largest bank operates significant domestic asset management and SAFI operations. Comparable to AC Capitales as a regulated Peruvian investment manager, though at substantially larger scale and through a bank-affiliated distribution channel.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ac-capitales

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about AC Capitales SAFI