CMB LV Infrastructure fund III raises US$400 million

LarrainVial and CMB have raised US$400 million for its most recent infrastructure fund, CMB LV Infrastructure III. This is the third infrastructure fund of CMB and first in partnership with LarrainVial. The objective of the fund is to capitalize on the attractive moment of investment in infrastructure in Chile.

The CMB LV Infrastructure III fund, is the largest public infrastructure fund raised in Chile. The fund contributors are institutional investors, mainly AFPS and insurance companies.

Through the fund, LarrainVial and CMB received a mandate from investors to seek, invest and manage projects in both development (greenfield) and operational (brownfield) in various sectors, such as energy, transport, water management and telecommunications, among others.

It is noted that the infrastructure sector presents opportunities for capital investment in Chile for more than US$ 3,000 million per year
for the next five years.

CMB Prime (CMB) is a leading fund manager in infrastructure, with 25 years of experience in Chile, which has invested in 19 projects and companies. CMB currently manages three infrastructure funds (Prime Infrastructure Fund, Prime-Infrastructure II Fund, CMB LV Infrastructure III), with total assets (including capital committed and invested) for about US$550 million.

LarrainVial is one of the leading financial services companies in Latin America, present in Chile, Colombia, the USA, Peru, and Argentina. Of Chilean origin, with 85 years of experience and more than 800 professionals, it offers its clients a service of excellence in financial advising, intermediation, corporate finance, studies, distribution of third-party products, administration of funds, asset management, and private capital. The company supervises assets for more than US$28,000 million and has a network of clients in more than 35 countries in
the 5 continents.