AFI Popular

What AFI Popular does

AFI Popular (Administradora de Fondos de Inversión Popular) is a Dominican Republic-based investment fund administrator incorporated in 2012 and authorized by the Superintendencia del Mercado de Valores in 2013. The company is a wholly-owned subsidiary of Grupo Popular, S.A., the leading diversified financial services group in the Dominican Republic with over 40 years of institutional presence. AFI Popular manages a portfolio of six investment funds totaling approximately RD$21,000 million in assets under administration: three open-ended funds (FIA Renta Fija Liquidez Popular, FIA Plazo 30 Días Dólares Popular, FIA Plazo 30 Días Pesos Popular) targeting short-term fixed income and liquidity instruments, and three closed-ended funds (FIC Renta Inmobiliaria Dólares Popular, FC Desarrollo de Sociedades Popular, FIC Desarrollo de Sociedades Sur) providing exposure to real estate income, corporate development equity, and regional southern development. The company also operates five digital investor tools (Risk Profiler, Fund Recommender, Quota Value tracker, Performance Calculator, Fund Comparator) and an educational podcast series targeting retail financial education in the Dominican market.

The platform is delivered through the afipopular.com.do web portal, with distribution anchored by the Grupo Popular ecosystem: products are cross-sold through affiliated Banco Popular branches, with AFP Popular (sister pension fund administrator) acting as a core channel partner for institutional and pension-related flows. Revenue is generated primarily through management fees on assets under management across open and closed-end fund vehicles, with fees structured per each fund's internal regulations. The firm holds the AAaf rating from Feller Rate, the highest fund administrator rating in the Dominican market, and is FATCA-compliant. Strategic equity investments include a 5% stake in AES República Dominicana acquired in September 2023 through the FC Desarrollo de Sociedades Popular fund alongside Grupo Linda, plus co-investments with AFP Popular in Meliá Hotels-operated tourism assets. AFI Popular serves two primary customer segments: individual retail investors (targeted through digital self-service tools and educational content) and institutional investors including pension funds, AFP administrators, and corporate partners (targeted through direct sales for closed-end development mandates).

Name

AFI Popular

Legal name

Administradora de Fondos de Inversión Popular

Website

https://afipopular.com.do

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

AFI Popular is a Dominican Republic-based investment fund administrator and Grupo Popular subsidiary managing six open- and closed-end funds (approximately RD$21,000 million AUM), serving individual and institutional investors through a digital portal, Banco Popular branch network, and AFP Popular distribution channels.

Ownership category

akta.pro rank

Product category

Investment Fund Administration

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Other Investment Pools and Funds (5259)

SIC

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

akta.pro primary industry

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

akta.pro secondary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

Keywords

• Investment fund management
• Asset management
• Open-ended funds
• Closed-ended funds
• Securities market administration

Headquarters

HQ city

Santo Domingo

HQ country

Dominican Republic

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Investment Fund Management Fees: AFI Popular generates revenue through managing open-end and closed-end investment funds, charging fees on assets under management. The company administers a portfolio of RD$21,000 million across multiple fund products including money market, fixed income, and development funds.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

AFI Popular is an investment fund administrator that manages a portfolio of open-ended and closed-ended investment funds for individual and institutional investors in the Dominican Republic. The company administers money market, fixed-income, real estate income, and corporate development funds, and operates a digital platform offering investor self-service tools such as a fund recommender, risk profiler, performance calculator, and fund comparator.

Product overview

AFI Popular operates as an investment fund administrator (Administradora de Fondos de Inversión) offering a portfolio of six distinct investment funds alongside a suite of investor tools. The fund lineup comprises three open-ended (liquidity) funds—FIA Renta Fija Liquidez Popular, FIA Plazo 30 Días Dólares Popular, and FIA Plazo 30 Días Pesos Popular—investing in fixed-income and money market instruments. Closed-ended funds include FIC Renta Inmobiliaria Dólares Popular (real estate income), FC Desarrollo de Sociedades Popular (corporate development), and FIC Desarrollo de Sociedades Sur (regional development). Complementing the fund products are five digital investor tools: a risk profiler, fund recommender, share value tracker, performance calculator, and fund comparator. All operations are conducted through AFI Popular's web platform at afipopular.com.do.

Differentiator

Problem solved

Functional benefit

Products and services

• FIA Renta Fija Liquidez Popular Open-ended investment fund investing in fixed-income securities and liquidity instruments within the Dominican Republic financial system for individual and institutional investors seeking liquid, low-risk returns.
• FIA Plazo 30 Días Dólares Popular Open-ended investment fund with a 30-day maturity term denominated in US dollars, designed for investors seeking dollar-denominated short-term returns in the Dominican market.
• FIA Plazo 30 Días Pesos Popular Open-ended investment fund with a 30-day maturity term denominated in Dominican pesos, aiming to preserve capital in real terms by investing primarily in financial instruments of Dominican financial institutions with investment-grade ratings.
• FIC Renta Inmobiliaria Dólares Popular Closed-ended real estate income fund denominated in US dollars, investing in real estate assets to generate income for investors seeking dollar-denominated property exposure in the Dominican Republic.
• FC Desarrollo de Sociedades Popular Closed-ended corporate development fund (SIVFIC-042) used for strategic investments in Dominican companies, including a 5% equity stake in AES República Dominicana, targeting investors seeking exposure to private equity and corporate development opportunities.
• FIC Desarrollo de Sociedades Sur Closed-ended development fund focused on the southern region of the Dominican Republic, investing in regional business development for investors seeking geographically targeted economic development exposure.

Named customers3 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

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Grupo LindacoreStrategic or Co-development Partner · 26 September 2023Dominican conglomerate with 50+ years of history, co-investing alongside AFI Popular in the AES República Dominicana acquisition (each taking 5%). Grupo Linda has been expanding its energy portfolio since 2014 and now holds 15% of AES Dominicana plus stakes in AES Colón in Panama. Both companies operate under a shared vision of sustainable business practices.
• Grupo PopularcoreOthersAFI Popular is a wholly-owned subsidiary of Grupo Popular S.A., the leading financial services group in the Dominican Republic with 40+ years of institutional presence. Grupo Popular provides strategic oversight, brand affiliation, and integration with Banco Popular and AFP Popular sister entities.
• AFP PopularcoreChannel Partner/ Reseller/ DistributorAFI Popular's sister company and Dominican pension fund administrator, with whom it co-invested in Meliá hotels in the Dominican Republic. AFP Popular represents a key channel partner for distributing investment fund products to pension contributors and retirees.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• AFP Reservas: Dominican pension fund administrator affiliated with Banco de Reservas. Comparable as a major DR institutional investor with proprietary investment fund capabilities that overlap with AFI Popular's closed-end development fund mandate.
• Grupo Linda (Asset Management Arm): Dominican conglomerate with a growing energy-sector investment portfolio that co-invested with AFI Popular in the AES República Dominicana acquisition. Comparable as a domestic strategic investor using pooled capital to take corporate equity stakes in the DR.
• BHD Fondos: Investment fund management arm of BHD León, one of the largest Dominican banks. Directly comparable as a DR-domiciled open and closed-end fund administrator serving retail and institutional clients with peso and dollar-denominated products.
• AFP Crecer: Dominican pension fund administrator that manages affiliated investment funds for contributors and retirees. Comparable as a domestic institutional asset manager that co-invests alongside AFI Popular and competes for the same DR institutional capital pool.

Broad incumbents

• Sura Asset Management: Major Latin American asset manager with pension, mutual fund, and institutional investment offerings across the region. Comparable as a regional incumbent that could expand into the Dominican market and compete for the same institutional mandates AFI Popular serves.
• Scotiabank Dominican Republic: Dominican subsidiary of Scotiabank offering investment funds and wealth management alongside core banking. Broad incumbent that competes for retail and institutional fund flows with deeper product breadth and global parent backing.
• Citibank Dominican Republic: Dominican subsidiary of Citibank offering wealth management and investment products to high-net-worth and institutional clients. Broad incumbent with global capabilities competing for the institutional and corporate development fund mandates AFI Popular pursues.

Regional players

• JMMB Fund Managers: Caribbean (Jamaica-headquartered) investment fund manager offering pooled funds across multiple Anglophone Caribbean markets. Comparable as a regional multi-market fund administrator serving similar retail and institutional investor segments.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/afi-popular
• Instagraminstagram.com/inversionistapopular

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 AFI Popular