Accial Capital Management

Investment decisions are led by co-founders Daniel Gutiérrez and Mauricio Pena through a formal investment committee. Both have backgrounds in Latin American credit markets and structured finance. The committee reviews each facility's portfolio-performance data and covenant triggers before approval.

Accial sources opportunities through direct relationships with fintech lending platforms across Latin America and Southeast Asia. Its Bogotá and Mexico City offices originate deals with non-bank lenders that lack access to traditional bank credit lines. The firm also uses data-analytics covenants to monitor borrower portfolios, which often leads to follow-on facilities.

Accial is a private credit manager that provides debt facilities, not equity. It structures senior and subordinated loans to fintech lenders, secured by diversified pools of consumer or SME loans. The firm targets mid-teen net returns with quarterly distributions from loan interest, and does not take board seats or equity warrants in its borrower platforms.

Accial focuses on Series-B-and-later fintechs that have originated at least $50M in loan volume and have established underwriting histories. Its core markets are Colombia, Mexico, Brazil, and Indonesia. The firm has also completed select facilities in India but the Latin American corridor remains the primary geographic concentration.

Accial structures facilities with typical tenors of 24 to 48 months, aligning with the amortization profiles of the underlying loan portfolios. It does not seek equity exits; returns come from contracted interest payments. Its limited partners include development finance institutions with mandates for long-term, impact-aligned credit exposure.