Asset ManagerRIA · CRD 105298SEC-Registered

Updated:

Impulsora del Fondo Mexico

Impulsora del Fondo Mexico, SC is an SEC-registered investment adviser in CDMX, registered since 1981. The firm manages approximately $334 million in assets.

Impulsora del Fondo Mexico

Impulsora del Fondo Mexico, SC is an SEC-registered investment adviser in CDMX, registered since 1981. The firm manages approximately $334 million in assets. It has 5 employees and 3 investment advisers.

General information

Firm type

Asset Manager

Year founded

1988

Location

Region

Latin America

Country

Mexico

City

Cdmx

Corporate office

Mexico City, Mexico

Principals

Joaquín Vargas Guajardo

Founder and Chairman

Sector focus

Media & EntertainmentReal EstateInfrastructurePrivate Credit

Frequently asked questions

What does Impulsora del Fondo Mexico actually own?

Impulsora controls Izzi Telecom, one of Mexico's largest triple-play providers, offering broadband, video, and fixed-line telephony to over 8 million subscribers. It also holds a controlling stake in Cinemex, the second-largest cinema chain in Mexico, along with a real estate portfolio tied to its operating assets. The group's structure consolidates these businesses under a single private holding company.

Does Impulsora invest outside of Mexico?

The firm's operations and investments are overwhelmingly concentrated in Mexico. Its telecommunications and cinema businesses serve domestic consumers exclusively, and there is no public record of significant offshore investments or foreign portfolio holdings. The firm's thesis is tied directly to Mexican infrastructure and household consumption growth.

What is the relationship between Impulsora and Grupo Televisa?

Impulsora acquired Televisa's cable and broadband assets over a series of transactions, eventually consolidating them under the Izzi Telecom brand. While the historical seller was Grupo Televisa, Impulsora operates independently as a privately held company with no ongoing strategic overlap or shared governance with the former parent.

Why doesn't Impulsora disclose AUM?

Impulsora's value is tied to the enterprise value of its operating companies, not to a pool of assets under management in the traditional sense. Because it is a private holding company with no external LP obligations, it has no regulatory or commercial requirement to report an AUM figure. Its scale is inferred from Izzi's subscriber base and Cinemex's market share rather than from a public balance sheet.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

Need institutional-grade insight on registered investment advisers?

Altss delivers:

Principals with verified direct contactsAllocation history by asset classOSINT-derived deal signals
Book a demo

Prefer a guided tour?

We’ll walk you through:

Interactive funding timelinesCustom mandate & allocation filters
Book a demo

Browse by category

More Cdmx Asset Manager profiles