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MEMORIA ANUAL

´15Annual Report

PREMIO 2015/
AWARD 2015

Revista Global Banking and Finance
Review de Londres

Best Private Equity Firm in Chile

fund will seek to attract multilateral investors, high wealth or mortgages, against 17 other funds. For its part, San Sebastián
from family o ces, to buy into this project. Estimates are for continues to grow in rent-to-own according to Law 19.281,
a five-year investment before the crops reach the maturity at and in 2015 it launched its ninth joint account, with accumula-
which they can begin to generate income through exports. ted assets of UF 1,550,000 in over 2,600 homes.

Moreover, the launch of the second family of investment The Mater Private Investment Fund has continued consolida-
funds of SCL Energy Activa, the Americas Energy Fund II ting and expanding its investment portfolio. In 2015, through
and the Americas Energy Fund II Clean Energy, garnered GES Retail SpA, the controlling company of two fashion
commitments for more than USD 400mn, including co- brands in the feminine accessory market, it made a new
investment. They seek to achieve a portfolio of around six investment: i-Dy Humana, which has a presence in the Paris
projects as the investment process is completed. Among and Ripley department stores. Medical Centers (Medicenter)
these, we can already highlight investment in Colombia’s first continues moving forward in its growth plan, with a new
natural gas plant, and the purchase of the thermal power medical center in Puente Alto and development underway on
plant Termovalle S.A., also in Colombia. The investment focus three additional centers, two in the Santiago region (Recoleta
is mainly the acquisition and construction of projects in the and Downtown), and one in Puerto Montt. With these new
energy sector in Chile, Peru, and Colombia. The emphasis of locations, the network will have eight medical centers. For its
the Clean Energy fund, with committed investment from the part, EFT Group finalized the process of integrating with the
Development Financial Institution (DFI), is to shift the energy Uruguayan firm PayTrue, which has been part of the company
matrix in the region toward less coal-dependent generation. since 2013, and began to operate under the brand PayGroup,
seeking to strengthen its growth in the regional market, with a
In line with the global trends in private equity, this year Activa presence already in 14 countries.
created a new investment vehical in Debt: Activa Private Debt.
With the investment focus of investing in private debt of natu-
ral persons or companies that have a good payment history
but, because of their size, have limited access to traditional
banks and the capital market.

This led to the creation of the first fund in support of the
development of this kind of company: the investment fund
Activa Deuda SGR, which has currently raised USD 15mn to
invest in credist of companies with sales under UF 150,000
annually, backed with guarantees from Mutual Guarantee
Societies (MGS). Businesses ranging from tour operators to
regional hardware store chains have been benefited by this
fund, which is expected to double in size in 2016.

Through San Sebastián Inmobiliaria S.A., mortgage credit
continues to expand in Chile in line with developing govern-
ment policies that benefit social housing. Through our two
subsidized mortgage bond funds, we acquired UF 713,000 in
2015, already accumulating over UF 3,260,000 in more than
5,800 homes throughout the country. In 2015, according to El
Mercurio Investments, the funds were the two most profitable
equity funds at the national level; Bloomberg, in 2014, named
the first fund as the second most profitable in the world in

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