PineBridge Completes Second Close of Mexican CKD (Latin America)

Source: PineBridge Investments

Global multi-asset class investment manager PineBridge Investments has reached the second close of its Mexico-focused fund of funds at MXN2.68 billion (approximately US$209 million). The fund of funds is structured as a certificado de capital de desarrollo (CKD), a vehicle listed on the Bolsa Mexicana de Valores that allows Mexican pension funds to invest in private investment funds.