LarrainVial Asset Management

What LarrainVial Asset Management does

LarrainVial Asset Management is the dedicated asset management division of LarrainVial, a diversified Chilean financial services group. Founded in 1998 and headquartered in Las Condes, Santiago, the firm administers $9.4 billion USD across more than 50 mutual funds (fondos mutuos), investment funds (fondos de inversión), real estate vehicles, private debt funds, private equity vehicles, and actively managed accounts for over 135,000 individual, corporate, and institutional clients in the Americas, Europe, and Asia. It is the only Chilean fund administrator to hold the S&P Global Ratings AMP-1 classification, maintained for 13 consecutive years as of 2025.

The product architecture spans eight categories: Chilean Debt (money market and savings funds), International Debt (Latam bonds, dollar savings), Balanced Funds, Chilean Equities, International Equities (Latam, US, Europe, Asia via sub-advisor Aubrey Capital Management for LV Asia), Private Debt, Real Estate (residential and industrial in Chile, the US, and Spain), and Alternatives (biotech via Droia, regional private equity). Distribution combines direct sales and relationship management for institutional clients, a self-serve client portal (haztecliente.larrainvial.com), and recurring client communications including the firm's 22nd annual Latin America seminar. The firm runs on a proprietary asset management platform for fund administration, investment management, and market analysis, with a formal ESG Integration Framework established under its UNPRI signatory status since 2018.

Revenue is generated through recurring asset management fees on AUM, with fees varying by fund series (A, APV, F, I) and fund type; disclosed expense ratios reach up to 1.80% annually on certain international funds such as LV Asia. The firm is wholly owned by LarrainVial, operates privately with no public listing, and has no disclosed funding rounds or external investors. Key partnerships include Aubrey Capital Management (sub-advisor for LV Asia), Ingevec (residential rental development), Black Salmon (US industrial real estate), and Altamarcam (Spanish value-add real estate). The team consists of over 90 professionals.

Name

LarrainVial Asset Management

Legal name

LarrainVial Asset Management

Website

https://lvassetmanagement.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

501–1,000 employees

Short description

LarrainVial Asset Management is the asset management division of Chilean financial group LarrainVial, administering $9.4 billion USD across 50+ mutual and investment funds for 135,000+ individual, corporate, and institutional clients in the Americas, Europe, and Asia.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Real Estate Property Managers (53131)

SIC

Investment Advice (6282)

akta.pro primary industry

Institutional Consultants & Fiduciary Management (Investment Consulting) (FSAAAGAJ)

akta.pro secondary industries

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ), Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Asset management
• Mutual funds
• Portfolio management
• Investment funds
• Wealth management

Headquarters

HQ city

Las Condes

HQ country

Chile

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Asset Management Fees: Revenue generated through management fees charged on mutual funds (fondos mutuos) and investment funds (fondos de inversión) administered by the firm. Fee structures vary by fund series (A, APV, F, I) and fund type.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

LarrainVial Asset Management is the dedicated asset management division of LarrainVial, administering 50+ mutual funds and alternative investment vehicles across Chilean equities, Chilean and international fixed income, balanced, real estate, private debt, and private equity strategies. The firm serves individual investors, companies/corporations, and institutional clients with actively managed portfolios and customized account solutions. It combines local-market expertise with international investment capabilities, supported by a team of 90+ investment professionals managing approximately USD $9.4 billion in assets for over 135,000 clients.

Product overview

LarrainVial Asset Management is a Chilean asset management firm and the asset management division of LarrainVial, offering a comprehensive portfolio of over 50 mutual funds, investment funds, real estate funds, private debt, private equity, and actively managed accounts. The product architecture is organized into distinct categories: Chilean Debt (money market and savings funds), International Debt (Latam bonds, dollar savings), Balanced Funds (protection and portfolio leader funds), Chilean Equities (focused and national equity funds), International Equities (regional, US, European, Asian, and small-cap funds), Private Debt (invoice financing and private lending), Real Estate (residential, multifamily, industrial, and development properties across Chile, US, Spain), Alternatives (genetic therapies, programs), and Active Accounts (conservative, moderate, and aggressive managed accounts in CLP and USD). The firm serves over 135,000 clients globally with approximately $9.4 billion USD in assets under management, maintaining the highest S&P rating (AMP-1) for 13 consecutive years.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• S&P AMP-1 rating maintained for 13 consecutive years
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Partnerships

Four partnerships are on record, tiered core.

• UNPRI (Principles for Responsible Investment)coreStrategic or Co-development Partner · 1 January 2018Signatory to the United Nations Principles for Responsible Investment since 2018. The firm is committed to integrating ESG factors into investment analysis and decision-making, promoting transparency in ESG matters, and collaborating with other industry actors to advance responsible investment practices.
• Aubrey Capital Management (Sub-fund manager for LV Asia)coreTechnology or IntegrationAubrey Capital Management serves as the sub-fund manager for the LV Asia fund, providing investment management for the Aubrey LarrainVial Asia Ex Japan Equity Fund. The partnership provides exposure to Asian equities with expertise from Aubrey's specialized investment team.
• Ingevec (Development partner for residential rentals)coreStrategic or Co-development PartnerIngevec partnered with LarrainVial for the Desarrollo para Renta Residencial LV project, combining real estate development expertise with investment management capabilities for residential rental property investments.
• Black Salmon (Industrial real estate investment partner)coreStrategic or Co-development PartnerBlack Salmon serves as the investment manager for the U.S. Industrial Opportunity I fund, focusing on industrial, distribution, and cold storage real estate development in the United States. The fund is managed in partnership with LarrainVial's investment platform.

Scale indicators5 records

Recent moves4 records

Expansion highlights6 records

Regional players

• Credicorp Capital Asset Management: Latin American (Andean-focused) asset manager with mutual fund and investment fund offerings across Peru, Colombia, and Chile. Comparable regional multi-country asset management footprint, though primary domicile differs from LVAM's Chile-centric base.

Broad incumbents

• Principal Financial Group (Latin America): Global asset manager with significant Latam presence including mandatory pension fund management. Comparable on institutional Latam mandate focus and ESG-integrated product suite, but operates at a much larger global scale.
• BlackRock Latin America iShares: Global asset manager offering Latam-accessible ETFs and institutional mandates. Threatens LVAM on price (passive) and brand in the institutional segment, though does not replicate LVAM's local distribution depth.

Direct peers

• Banchile Inversiones: Chilean investment management arm of Banco de Chile, offering mutual funds and investment funds to retail and institutional clients. Direct competitor in Premio Salmón categories and comparable Chilean-domiciled product breadth.
• Moneda Asset Management: Independent Chilean asset manager with strong institutional and emerging-markets equity capabilities, including Latam equity mandates. Closely comparable boutique-to-mid-sized independent model serving institutional clients with EM/Latam specialization.
• BancoEstado Administradora General de Fondos: One of the largest Chilean mutual fund administrators by AUM, serving retail and institutional clients with a similar mutual fund + investment fund product architecture. Comparable on domicile, regulatory environment, and core product mix.
• Itau Asset Management Chile: Chilean arm of Itau's regional asset management franchise, offering mutual funds and investment funds to retail and institutional clients. Direct peer on Chilean mutual fund rankings and distribution approach.
• BCI Asset Management (BCI AM): Bank-affiliated Chilean asset manager with broad mutual fund and investment fund offerings for individuals, corporates, and institutions. Directly comparable on product breadth, AUM scale tier, and client segmentation within the Chilean market.
• Santander Asset Management Chile: Global bank-affiliated Chilean asset manager competing in the same mutual fund rankings (Premio Salmón) and serving overlapping retail and institutional client segments. Comparable product suite and Chilean-domiciled AUM base.
• Sura Asset Management Chile: Chilean affiliate of Sura, with strong institutional and AFP-adjacent pension fund management heritage. Directly competes with LVAM in balanced and equity mutual funds and shares the multi-segment (individual, corporate, institutional) model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/larrainvial

Compliance2 records

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

Investments2 records

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

Frequently asked questions about LarrainVial Asset Management