Independencia Asset Management

What Independencia Asset Management does

Independencia Asset Management (IAM) is a Miami-headquartered, privately held real estate investment manager that focuses exclusively on U.S. commercial real estate across the full risk spectrum — core, core plus, value-add, and opportunistic — spanning office, multifamily, industrial, retail, and flex assets in 20+ U.S. markets. Founded in 2004 by Claudio Zichy and Fernando Sanchez, the firm has executed investments exceeding $3.4 billion in cumulative transaction volume through direct equity strategies and a complementary credit/bridge lending division. IAM is operated through its Chilean-registered fund administrator, Independencia Internacional Administradora General de Fondos S.A., with offices in Miami, Denver, Santiago (regional headquarters), and Montevideo.

The firm distributes exposure to investors primarily through five closed-end funds listed on the Santiago Stock Exchange — Independencia Core US I, Detroit CBD, Doral, Atlanta, and Tysons — alongside direct real estate and credit portfolios. Its technology stack is light: third-party Dynamo Software powers the RE-Investors portal (https://dynamo.dynamosoftware.com/tenant/dynamo4.netagesolutions.com/INDEPENDENCIA/RE-Investors) and DocuSign supports investor document workflows. There is no disclosed proprietary AI, model, or data asset; the firm's claimed edge rests on long-standing broker/operator relationships, regional acquisition coverage (Northeast, West Coast, Southeast), and a sector/market/asset underwriting discipline.

IAM earns revenue from recurring management fees on its listed funds and direct portfolios, with performance fees typical for value-add real estate strategies. Distribution is split between a private-placement channel targeting U.S. accredited and institutional investors and a regulated AGF/Santiago Stock Exchange channel serving Chilean institutional and HNW investors under Chilean Law 19.913 (AML), Law 20.393 (corporate criminal liability), and Law 21.595 compliance, plus FATCA, GDPR, and CCPA data regimes. Customer engagement is relationship-driven, supported by quarterly webinars, the investor portal, and direct IR contact at [email protected].

Name

Independencia Asset Management

Legal name

Independencia Internacional Administradora General de Fondos S.A.

Website

https://indepasset.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Independencia Asset Management is a Miami-headquartered, privately held U.S. commercial real estate investment manager founded in 2004, operating equity and bridge lending strategies through five Chilean-listed AGF funds that serve institutional and HNW investors in Chile and the United States.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investors, Nec (6799), Investment Advice (6282)

akta.pro primary industry

Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA)

Keywords

• Commercial real estate funds
• Real estate investment management
• Bridge lending services
• Fund administration services
• Value-add real estate

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices4 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: IAM generates revenue through management fees charged on the investment funds they manage, including Independencia Core US I Fund, Detroit CBD Fund, Doral Fund, Atlanta Fund, and Tysons Fund. The funds have defined share values tracked quarterly.
2. Performance Fees/Carried Interest: The company likely earns performance-based fees tied to fund returns, typical for real estate investment managers with value-add investment strategies.
3. Real Estate Investment Income: Direct investments in U.S. commercial real estate properties across office, industrial, residential, and retail sectors generate rental income and capital appreciation.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Independencia Asset Management (IAM) is a U.S.-focused real estate investment manager that deploys capital through two core strategies: equity (direct acquisitions across office, residential, industrial, and retail properties) and credit (bridge lending). The firm manages multiple Chilean-regulated investment funds distributed via the Santiago Stock Exchange and direct private placement, with a stated track record of investments exceeding $3.4 billion across U.S. markets.

Product overview

Independencia Asset Management (IAM) operates as a Real Estate Investment Manager with an exclusive focus on the U.S. market, offering two primary investment structures: Equity (Real Estate) and Debt (Credit). The Real Estate segment manages Office, Residential, Industrial, and Retail properties across the full risk spectrum (core, core plus, value-add, and opportunistic), while the Credit division specializes as a bridge lender. IAM's investment products are distributed through Independencia Internacional AGF, the company's Chilean-regulated fund administration platform. The product suite includes five named investment funds: Independencia Core US I Fund (mixed office/flex/R&D/residential in various U.S. markets), Detroit CBD Fund (Class A office in Detroit), Doral Fund (retail in Doral, FL), Atlanta Fund (multifamily in Georgia), and Tysons Fund (office in Northern Virginia). The company also maintains a direct real estate portfolio and credit portfolio as part of its equity and debt investment strategies, with total investments exceeding $3.4 billion.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Investment Management

Quantifiable outcome

• $3.4 billion+ in investments through direct and credit strategies
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• AEW Capital Management: U.S. and global CRE investment manager offering core, value-add, and debt strategies across sectors. Comparable to IAM via diversified U.S. property type exposure and parallel equity/debt product suite.
• Compass Group Chile (formerly Compass LATAM): Chilean asset manager with real estate and private equity funds distributed through AGF structures on the Bolsa de Santiago. Comparable to IAM in business model (Chile-domiciled AGF), target investor base, and fund product lineup.
• Larraín Vial: One of Chile's largest independent asset managers, offering AGF-regulated funds (including real estate and U.S. dollar strategies) on the Santiago Stock Exchange. Directly comparable to IAM as a Chilean-domiciled AGF distributing USD-denominated investment products to Chilean investors.
• Clarion Partners: U.S.-focused CRE investment manager operating value-add and opportunistic funds across office, multifamily, industrial, and retail. Highly comparable to IAM in property type mix, U.S. concentration, and value-add investment philosophy, though at significantly greater AUM scale.
• Security Capital (Chile): Chilean asset management group with AGF funds investing in real estate and other asset classes for Chilean investors. Directly comparable to IAM via the AGF distribution vehicle and Chilean investor focus.
• BICE Inversiones: Chilean AGF managing multi-asset funds including real estate strategies for institutional and high-net-worth Chilean investors. Comparable to IAM via the regulated AGF vehicle, Chilean retail/institutional distribution, and cross-border investment mandates.
• Heitman: Global real estate investment manager with U.S. core, value-add, and debt strategies for institutional investors. Comparable to IAM in dual equity/credit offerings, U.S. CRE concentration, and focus on risk-adjusted returns across property types.

Broad incumbents

• Invesco Real Estate: Global real estate investment manager operating direct property, debt, and securities strategies across the U.S. Comparable to IAM in offering diversified U.S. real estate exposure across property types via pooled funds, though as part of a global asset management platform.
• CBRE Investment Management: Global CRE investment manager with multi-sector U.S. core, value-add, and debt strategies. Comparable to IAM as a broader incumbent offering overlapping U.S. equity and credit capabilities, though at far larger AUM scale and without IAM's Chilean distribution niche.
• Principal Real Estate Investors: Global CRE investment management arm of Principal Financial Group with U.S. core, value-add, and debt strategies. Comparable to IAM in U.S. CRE focus and equity/debt product mix, though as part of a much larger financial services franchise.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/independencia-capital-llc

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries5 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 Independencia Asset Management