Credicorp Capital

Credicorp Capital

Credicorp Capital was formed in 2012 when Peru's largest financial holding, Credicorp Group, merged its Colombian brokerage Correval with Chile's IM Trust to create a regional investment platform. The firm operates as the asset management and investment banking arm of Credicorp, which also controls Banco de Crédito del Perú, the country's biggest commercial bank. Eduardo Montero took over as CEO in 2021, succeeding a series of leadership consolidations aimed at integrating the firm's cross-border operations. The strategy spans four main asset classes: Andean public equities, local-currency fixed income, private credit, and real assets including infrastructure and real estate. The firm manages dedicated Andean equity strategies and has historically anchored its fixed-income franchise in Peruvian, Chilean, and Colombian sovereign and corporate debt. On the alternatives side, Credicorp Capital has launched private debt funds and participated in infrastructure co-investments tied to the region's energy and transportation buildout — a posture reinforced by its 2023 expansion into structured credit for mid-market companies (per PEF Services, 2023). The geographic footprint concentrates on the MILA markets — Mexico, Colombia, Peru, Chile — with Bogotá, Lima, and Santiago as its three primary investment offices. Alongside its funds business, Credicorp Capital runs a wealth management division serving Latin American family offices and an investment banking unit that advises on M&A, debt capital markets, and equity offerings across the Andes. In 2023, the firm realigned its organizational structure under Montero, merging its asset management and wealth units to streamline distribution (per Funds Society, 2023). The firm also maintains a presence in structured products and corporate brokerage, leveraging the Credicorp Group's balance sheet for trade execution and credit intermediation. Credicorp Capital's structural differentiator is its parentage — it operates with the funding stability and distribution reach of a publicly listed Peruvian bank while pursuing an independent asset management mandate across three sovereign jurisdictions. The hybrid model channels institutional flows from Andean pension systems (where the Credicorp ecosystem is a dominant service provider) into regional public and private markets, giving the firm sourcing advantages in local private credit and infrastructure deals that external GPs struggle to replicate.