# AFP Habitat

AFP Habitat is a Pension Fund based in Lima, Peru.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Lima, Peru
- **Region:** Latin America
- **Address:** Lima, Lima, Peru
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** afphabitat.com.pe
- **LinkedIn:** https://pe.linkedin.com/company/afphabitatperu

## Regulatory record

- **Reports private funds:** No

## About

AFP Habitat is the Peruvian pension fund administrator launched in 2013 as part of the Habitat Andina platform. The firm is ultimately controlled 50% by Prudential Financial and 50% by the Chilean group Inversiones La Construcción (ILC), whose own parent is the Cámara Chilena de la Construcción. This ownership structure places AFP Habitat at the intersection of US institutional insurance capital and a prominent Latin American pension and construction conglomerate. The firm manages four investment funds with a mandate that spans buyouts, secondaries, special situations, and venture debt. Portfolio assets include direct commercial real estate holdings in Chile through Todo Arauco SpA, alongside Peruvian obligatory reserves. Confirmed positions include stakes in two Parque Arauco outlet developments in Chile. Sister entities under the broader Habitat Andina parent include the Colombian pension administrator Colfondos, signaling a regional multi-pillar retirement platform. The Lima-based team operates as a member of the Asociación de AFP del Perú and has been recognized by the Bolsa de Valores de Lima for good corporate governance practices. Chairman Rafael Picasso Salinas, a partner at the Peruvian law firm Estudio Echecopar, provides board-level oversight. The office also participates in ICARE's Silver Economy group, linking its long-duration liabilities to regional longevity-economy discussions. The firm's structural distinction lies in its joint venture governance. Rather than a single sponsor, AFP Habitat answers to two equal controllers — one a US public company and the other a Chilean institution deeply tied to construction and pension savings — which creates a built-in check on investment decisions that is uncommon among the dedicated Peruvian pension administrators.

## Sectors

- Commercial Real Estate
- Secondaries & Special Situations

## People

- Mariano Alvarez de la Torre Jara — General Manager
- Rafael Picasso Salinas — Chairman of the Board

## Questions

### Who controls AFP Habitat, and how does its ownership influence investment decisions?

AFP Habitat is controlled through its parent, Habitat Andina S.A., which is owned equally by Prudential Financial and Inversiones La Construcción S.A. (ILC). ILC is ultimately controlled by the Cámara Chilena de la Construcción. This dual-sponsor structure introduces a formalized balance of US institutional and Latin American industrial capital that shapes the board's approval of illiquid investments.

### What investment strategies does AFP Habitat pursue beyond standard pension fund fixed-income allocations?

The firm participates in private capital strategies including buyouts, secondaries, special situations, and venture debt. Its known illiquid holdings include direct commercial real estate in Chile via Todo Arauco SpA, specifically stakes in Parque Arauco outlet properties, alongside obligatory reserve positions in Peru.

### How does AFP Habitat relate to other Habitat-branded entities in Latin America?

AFP Habitat is the Peruvian operating subsidiary of Habitat Andina S.A., which also holds the Colombian pension fund manager Colfondos. The two asset owners share a parent platform but operate as separately regulated local entities in their respective jurisdictions.

### What is AFP Habitat's connection to Chilean institutional capital?

Through its 50% ownership by Inversiones La Construcción, AFP Habitat is indirectly linked to the Cámara Chilena de la Construcción, the institution that founded and controls ILC. This provides a direct channel to Chilean institutional thinking and long-term capital anchored in the construction and pension sectors.

### Who leads the executive and board functions at AFP Habitat?

Mariano Alvarez de la Torre Jara serves as the General Manager in Lima, leading day-to-day operations. The Board is chaired by Rafael Picasso Salinas, who is also a partner at the Peruvian law firm Estudio Echecopar, providing legal and governance expertise at the board level.

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Last updated: 2026-06-03T20:00:00.000Z

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