Afore MetLife

Afore MetLife

Afore MetLife was formed in 2008 when MetLife Mexico acquired Afore Actinver. The entity functioned as an Administradora de Fondos para el Retiro, holding individual retirement accounts for Mexican workers. Operations ended under the MetLife name after the February 2018 sale to Principal Financial Group. Allocations included a 5 percent target to private equity alongside holdings in Mexican REITs and commodity index instruments. Confirmed positions encompassed CKDs for infrastructure and CERPIs for project investments. The geographic focus remained Mexico with limited exposure to global instruments through public equity and fixed-income portfolios. The firm maintained membership in AMAFORE and operated alongside Fundación MetLife México, which reported $11.6M in annual giving focused on health programs. No additional offices existed outside Ciudad de Mexico. Nestor Fernandez served as CIO prior to the 2018 acquisition and transition to the merged Principal Afore. The structure operated as a regulated pension manager under CONSAR oversight with allocations executed through dedicated SIEFORE entities rather than direct GP commitments or co-investments.