Inca Investments

Carlos Rodriguez-Pastor serves as the ultimate decision-maker for the family's capital. He is the Chairman of Intercorp and has led the group's strategy since acquiring Banco Internacional del Perú in 1994. Key investment committee members are drawn from Intercorp's senior leadership, though their names are not publicly disclosed.

Deal flow originates primarily through Intercorp's operating businesses and the business development teams embedded in the conglomerate's platforms. As one of Peru's largest private employers, Intercorp encounters sector-specific acquisition opportunities — particularly in retail, financial services, and education — before external investors. The family's multi-decade network in Lima provides additional off-market access.

Inca Investments functions strictly as a single family office deploying the Rodriguez-Pastor family's capital. It does not manage third-party money. Its posture is closer to a conglomerate holding company than a venture firm, given its focus on control acquisitions and mature businesses alongside Intercorp's existing platforms.

The firm overwhelmingly prefers direct investments, often through Intercorp's listed subsidiaries or co-investment alongside them. Fund commitments are not a public feature of its strategy. When exposure to earlier-stage venture is required, the family accesses it through Intercorp Ventures rather than as a limited partner in third-party funds.

Inca concentrates on mature, cash-generating businesses that can be integrated with or benefit from Intercorp's consumer-facing infrastructure in Peru. Late-stage private companies and public securities held for strategic control represent the core of the portfolio. Early-stage exposure is minimal and ring-fenced within Intercorp Ventures.

The family's wealth originates from the Intercorp conglomerate, which Carlos Rodriguez-Pastor built starting with the 1994 privatization of Banco Internacional del Perú. Intercorp now controls leading Peruvian businesses in banking, insurance, retail, education, and healthcare, generating the cash flows that Inca Investments redeploys.

Inca Investments is the family's private investment vehicle, while Intercorp Financial Services is the publicly traded holding company for Intercorp's banking and insurance operations. Inca holds a significant ownership stake in Intercorp, and the two entities coordinate on strategic acquisitions, particularly when a target complements Intercorp Financial Services' regional expansion in the Andean region.