MEXICO CITY–Nov. 1, 2023 – Attorneys from Greenberg Traurig's Mexico City office represented the Fondo de Apoyo a las Necesidades de Vivienda de los Trabajadores (FANVIT), an investment fund created by the Instituto del Fondo Nacional de la Vivienda para los Trabajadores (INFONAVIT), in the issuance of certificados bursátiles fiduciarios de proyectos de inversión (CERPIs) in the amount of MXN $7,227 million (USD $400 million) on the Bolsa Institucional de Valores (BIVA) by a new trust created for such purposes.
The CERPI, with ticker symbol FANVIPI23 will allow FANVIT to make, through the issuing trust, alternative investments in private equity, debt, infrastructure and real estate funds.
FANVIT's mission is to be the institutional fund for Infonavit's beneficiaries to meet the future housing needs of workers; to provide savers with a more diversified portfolio to improve the yield they receive in their housing sub-account, which they can use for a down payment or to supplement their pension; and to invest in instruments that contribute to the country's development through profitable projects with solid corporate governance.
The Greenberg Traurig team that advised FANVIT was led by partners David Argueta and Antonio Robles Hüe. Additionally, tax practice partner Erika Baez and associate Rodolfo Flores-Urquiza Sosa participated in the matter.