Fortaleza SAFI

What Fortaleza SAFI does

Fortaleza SAFI, S.A. (Sociedad Administradora de Fondos de Inversión) is a Bolivian investment fund administrator (SAFI) headquartered in La Paz and operating since 1999. The firm is supervised by the ASFI (Autoridad de Fiscalizaci\u00f3n del Sistema Financiero) and manages the largest total portfolio among Bolivia's 14 SAFIs, exceeding USD 495 million in assets under administration as of October 2022. Fortaleza serves two principal customer segments: (1) individual retail investors through 12 open-end funds (FIAs) organized into three families (Dinero for short-term liquidity, Ingresos Constantes for income, and Crecimiento for growth) denominated in Bolivianos, US Dollars, and UFV (inflation-indexed units), and (2) corporate/SME borrowers and microfinance institutions through three closed-end funds (FICs) that provide factoring, confirming, and direct debt financing. As of 2018, the firm served more than 19,000 participants; it has since added the only UFV-indexed open-end fund in the country and was the first to introduce closed-end funds in Bolivia in 2006.

Name

Fortaleza SAFI

Legal name

Fortaleza SAFI, Sociedad Administradora de Fondos de Inversión S.A.

Website

https://fortalezasafi.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

Fortaleza SAFI is a Bolivian investment fund administrator (SAFI) managing the largest portfolio in Bolivia (USD 495M+ AUM) across 12 open-end and 3 closed-end funds, serving retail investors, SMEs, and corporates under ASFI regulation.

Ownership category

akta.pro rank

Product category

Investment Fund Management

NAICS

Open-End Investment Funds (525910), Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282)

akta.pro industry

PRIMARYFSAEAAAB

Investment Management Advisory (RIA)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Investment Advisory & Financial Planning

SECONDARYFSAAAMAH

Fund Governance Support (Board/Trustee, Minutes, Policies, Oversight)

Financial & Insurance/Asset & Wealth Management/Asset Management — Fund Administration & Transfer Agency

Keywords

• Investment fund management
• Asset management services
• Open-end mutual funds
• Closed-end private capital funds
• Financial advisory services

Headquarters

HQ city

La Paz

HQ country

Bolivia

HQ region

Latin America

Offices16 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Investment Fund Management Fees: Fortaleza SAFI generates revenue by charging management fees on assets under administration across its 13 open-end funds and 3 closed-end funds. Fees are calculated as a percentage of the fund's net asset value and are disclosed in the public tariff schedule (Tarifario). The company also earns fees from closed-end funds that provide financing to corporates, SMEs, and microfinance institutions.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Fortaleza SAFI is a Bolivian investment fund administrator (SAFI) that manages and distributes 12 open-end investment funds (across three families: Dinero, Ingresos Constantes, and Crecimiento, denominated in Bolivianos, US Dollars, and UFV) and 3 closed-end investment funds (PYME II, Acelerador de Empresas, Impulsor) that provide factoring, confirming, and debt financing to corporates, SMEs, and microfinance institutions. The company also provides a 4-step investment advisory service supported by a digital platform (Fortaleza SAFI en línea) for online account opening, portfolio tracking, and fund transactions.

Product overview

Fortaleza SAFI is a Sociedad Administradora de Fondos de Inversión (SAFI) offering a comprehensive investment platform comprising 12 Open Investment Funds (Fondos de Inversión Abiertos) and 3 Closed Investment Funds (Fondos de Inversión Cerrados). The open funds are organized into three families: Dinero (money market funds in Bolivianos and USD), Ingresos Constantes (constant income funds including UFV-indexed options), and Crecimiento (growth funds for long-term capital appreciation). The closed funds provide private capital and financing solutions including factoring, confirming, and direct financing to SMEs and microenterprises. The company also provides digital services through its online portal (Fortaleza SAFI en Línea), investment tools (historical yield simulators, fund comparators, financial planning calculators), debit card services, and educational content including a podcast. All funds and the company are supervised by ASFI (Autoridad de Fiscalización y Control Social de EntIDADES Financieras).

Differentiator

Problem solved

Functional benefit

Brands

• CAISA Agencia de Bolsa: Related financial entity operating in the Bolivian securities market, partnered with Fortaleza SAFI for educational initiatives like the 'Construye tu Futuro' program and joint podcast 'Hablemos de Inversiones'.

Products and services

• Fondo Disponible Open-end investment fund denominated in Bolivianos designed for low volatility and immediate liquidity, ideal for managing daily expenses and contingencies. Minimum investment: Bs 500. Risk rating: AA1.
• Fondo Inversión Internacional Open-end investment fund in US Dollars designed for diversification and preservation of savings in dollars, also suitable for corporate treasury management. Minimum investment: USD 1,000. Risk rating: AA1.
• Fondo Interés+ Open-end investment fund denominated in Bolivianos for investors seeking to preserve capital and generate constant income over a short period while maintaining access to funds. Minimum investment: Bs 1,000. Risk rating: AA1.
• Fondo UFV Rendimiento Total Open-end investment fund indexed to UFV (Unidad de Fomento de Vivienda) designed to protect savings from inflation effects. Minimum investment: UFV 1,000. Risk rating: AA1.
• Fondo Liquidez US Dollar open-end investment fund offering liquidity through instruments that help with capital appreciation. Minimum investment: USD 100. Risk rating: AA1.
• Fondo Produce Ganancia US Dollar open-end investment fund designed to generate attractive yields through fixed income assets invested domestically and internationally. Minimum investment: USD 300. Risk rating: AA1.
• Fondo Planifica Open-end investment fund designed to help investors meet financial goals over time through programmed savings habits. Minimum investment: Bs 350. Risk rating: AA2.
• Fondo Potencia Bolivianos Long-term investment fund for savings appreciation in Bolivianos, diversifying in fixed income assets in national markets. Minimum investment: Bs 5,000. Risk rating: AA2.
• Fondo Renta Mixta Internacional Open-end investment fund generating returns over time through fixed and variable income investments in national and international markets. Risk rating: AA1.
• Fondo Porvenir US Dollar open-end investment fund designed to achieve attractive capital appreciation in the short term. Minimum investment: USD 500. Risk rating: AA1.
• Fondo Avanza BS Open-end investment fund designed for capital preservation and liquidity provision, incorporating investments linked to MVDOL for dollar exposure alongside Boliviano and Dollar investments. Minimum investment: Bs 200. Risk rating: AA1.
• Fondo Multiplica UFV-denominated open-end investment fund for managing treasury and liquidity through instruments that support capital appreciation. Minimum investment: UFV 500. Risk rating: AA1.
• Fondo Fortaleza PYME II Closed-end investment fund providing factoring and confirming financing through acquisition of commercial accounts receivable, offering high liquidity availability with same-day payment after sales. Targeted at Bolivian SMEs requiring working capital solutions.
• Fondo Fortaleza Acelerador de Empresas Closed-end investment fund providing financing up to 1.5 years for operating capital and 7 years for investment capital without guarantees at competitive rates, with flexibility in payments and access to networking, training, and specialized technical assistance. Targeted at growth-stage Bolivian enterprises.
• Fondo Fortaleza Impulsor Closed-end investment fund providing intermediate debt financing up to 5 years and senior debt up to 8 years, improving company capital structure and providing access to capital markets. Targeted at Bolivian corporates seeking long-term debt.
• Investment Advisory Service (4-Step Investment Process) Free financial advisory service that guides investors through a 4-step investment process: understanding investor profile, selecting the appropriate fund, executing the investment, and monitoring performance. Delivered by Fortaleza SAFI's own financial advisors at branch offices in La Paz and Cochabamba, as well as remotely via call center, WhatsApp, and email.

Quantifiable outcome

• USD 495 million total portfolio managed, making Fortaleza SAFI the largest SAFI in Bolivia (October 2022)
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• PRI (Principles for Responsible Investment)coreStrategic or Co-development Partner · 1 December 2021Fortaleza SAFI became a signatory of the UN-supported PRI, an international investor network backed by the United Nations. The PRI network has over 4,000 signatories across 60+ countries. As a signatory, Fortaleza SAFI commits to implementing six ESG-focused investment principles, including incorporating ESG factors into analysis and decision-making, being active owners, and promoting ESG disclosure.
• UTEPSA (Universidad Tecnológica Privada de Santa Cruz)minorStrategic or Co-development Partner · 10 November 2017UTEPSA invited Fortaleza SAFI's Regional Manager (Lic. Israel Olmos) to deliver a guest lecture on the Bolivian capital markets, the role of SAFIs, and benefits of investing through the market. This engagement supports Fortaleza SAFI's financial education mission among future professionals.
• EPC (Escuela de Producción y Competitividad)minorStrategic or Co-development Partner · 4 November 2017Fortaleza SAFI participated in the Stock Exchange 2017 event organized by EPC in Santa Cruz, delivering a talk on international economics alongside CAISA Agencia de Bolsa. Jaime Quevedo (Subgerente de Estudios y Riesgos) presented on PPP parity, the Big Mac Index, and exchange rate management in globally diversified portfolios.
• Bolsa Boliviana de Valores (BBV)minorStrategic or Co-development Partner · 1 September 2017Fortaleza SAFI participated in the 44th FIAB General Assembly and Annual Meeting hosted by the BBV in Santa Cruz. The event facilitated knowledge exchange with regional stock exchanges on capital market trends, financial education, and product innovation.
• CAISA Agencia de BolsacoreStrategic or Co-development Partner · 11 August 2016Fortaleza SAFI and CAISA Agencia de Bolsa co-developed and co-execute the 'Construye tu Futuro' financial literacy program, which includes national seminars, workshops ('Hablemos de Inversiones'), and the joint podcast 'Hablemos de Inversiones'. Both entities are part of the same financial group operating in the Bolivian capital markets. CAISA provides brokerage services complementing Fortaleza SAFI's fund management capabilities.
• CAINCO ChuquisacaminorStrategic or Co-development Partner · 11 August 2016CAINCO (Cámara de Industria, Comercio y Turismo de Chuquisaca) hosted the 'Construye tu Futuro' financial literacy seminar in Sucre, providing venue and logistical support. Over 350 participants attended the inaugural seminar.
• Banco FortalezacoreChannel Partner/ Reseller/ DistributorBanco Fortaleza serves as the transactional distribution channel for Fortaleza SAFI's open-end fund operations. Clients can purchase and redeem fund quotas (deposits and withdrawals) at Banco Fortaleza branches nationwide. This partnership extends Fortaleza SAFI's physical reach without requiring a proprietary branch network for cash transactions.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• BISA SAFI: BISA SAFI is the investment-fund administrator of Grupo BISA, one of the largest financial groups in Bolivia. It is a direct competitor to Fortaleza SAFI in the same regulated Bolivian SAFI market, offering open-end funds (FIAs) and competing for the same individual and corporate investors.
• BN SAFI (Banco Nacional de Bolivia): BN SAFI is the fund-management arm of Banco Nacional de Bolivia and operates within the same 14-SAFI industry. It directly competes with Fortaleza on open-end fund AUM, risk ratings, and corporate/retail investors in Bolivianos and Dollars.
• Mercantil SAFI: Mercantil SAFI is the fund administrator tied to Banco Mercantil Santa Cruz, one of Bolivia's largest privately-owned banks. It is a direct local peer offering comparable open-end investment funds and competing for the same national retail and corporate saver base.
• SAFI Unión: SAFI Unión is the fund-management affiliate of Banco Unión, operating within Bolivia's regulated SAFI framework. It is a direct competitor for retail and corporate investor AUM and operates a similar product structure of open-end mutual funds in Bolivianos and USD.
• Credifondo SAFI (Banco de Crédito BCP Bolivia): Credifondo SAFI is the fund-management subsidiary of Banco de Crédito de Bolivia (BCP), one of the country's principal commercial banks. It directly competes with Fortaleza SAFI across open-end and balanced-fund categories within the same regulatory and distribution environment.
• Mutual La Primera SAFI: Mutual La Primera SAFI is part of Bolivia's network of 14 regulated SAFIs and competes with Fortaleza across open-end funds, advisory services, and corporate investment solutions for Bolivian savers.

Broad incumbents

• Banchile Administradora General de Fondos: Banchile AGF is the largest mutual-fund administrator in Chile and part of the broader regional LatAm asset-management industry. While not Bolivian, it is comparable as a regional benchmark for fund-admin scale, fund-family breadth, multi-currency capability, and digital platform investments in the LatAm space Fortaleza operates in.
• LarrainVial Asset Management: LarrainVial is a leading Chilean asset manager with regional operations. It is relevant as a broader-market incumbent providing analogous mutual-fund, advisory, and wealth-management services, useful as a comparable for institutional product expansion and AUM growth benchmarks.

Others

• CAISA Agencia de Bolsa: CAISA Agencia de Bolsa is a Bolivian broker-dealer and disclosed partner of Fortaleza SAFI (joint 'Construye tu Futuro' seminars, joint 'Hablemos de Inversiones' podcast). It is comparable as a related ecosystem participant offering brokerage services adjacent to Fortaleza's fund-management core, though not a competitor.
• Banco Fortaleza: Banco Fortaleza is Fortaleza SAFI's transactional distribution partner, processing fund quota purchase/redemption operations across its national branch network. It is comparable as the channel partner whose physical footprint underwrites Fortaleza's national reach, and which combined ownership ties make it an ecosystem participant rather than a competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/fortalezaSAFI
• YouTubeyoutube.com/user/FortalezaSAFI
• Facebookfacebook.com/FortalezaSAFI
• LinkedInlinkedin.com/company/fortaleza-safi

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Fortaleza SAFI