AFP Cuprum

Andres Garcia Lagos serves as chief investment officer. Paulina Nucamendi heads international alternatives. Decisions follow mandates set by the AFP regulatory framework.

The firm commits to funds and holds limited partnership interests in vehicles such as Banchile Infrastructure Fund and international private equity portfolios. It also maintains direct equity positions in listed Chilean companies.

Cuprum targets mature infrastructure assets, listed equities, and established real estate income funds. It also allocates to secondaries and special situations through dedicated alternative programs.

Principal Financial Group owns 97.97 percent of AFP Cuprum through Principal Chile Ltda. The relationship provides access to international investment platforms while Cuprum remains locally regulated.

Assets consist of mandatory and voluntary pension contributions from Chilean workers under the AFP system. No single family or corporate sponsor supplies the capital.

Cuprum participates as a limited partner in infrastructure and private equity funds. It does not disclose active co-investment programs alongside external managers.

Cuprum operates a corporate giving program focused on education and social welfare in Chile. The program is funded separately from pension assets and reports donations such as 54 million CLP in 2020.