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Profuturo AFP
Profuturo AFP was established on May 17, 1993. It is majority owned by Scotiabank Perú through Scotia Peru Holdings. The firm administers retirement savings...
Profuturo AFP
Profuturo AFP was established on May 17, 1993. It is majority owned by Scotiabank Perú through Scotia Peru Holdings. The firm administers retirement savings under Peru's private pension system and maintains physical and virtual service channels for its affiliates. The investment program allocates to public equities, private equity, real estate, and infrastructure. Confirmed holdings include positions in Volcan Compañía Minera, Alicorp, and Ferreycorp on the BVL, plus commitments to Enfoca and Ardian private equity funds. Geographic exposure centers on Peru with additional allocations to global real estate opportunities funds. The firm also holds an interest in Fortress Real Estate Opportunities Fund III. Profuturo AFP employs 338 professionals and maintains its headquarters in Lima. It participates in industry associations including Asociación de AFP and GRI Club. In December 2024 the firm won the SBS tender to affiliate new workers to the private pension system for the 2025-2027 period after bidding the lowest commission of 0.68 percent on balance. Ownership by Scotiabank Perú creates a direct link to the parent's balance sheet and governance. This structure channels investment decisions through the bank's oversight while the AFP retains separate licensing and affiliate obligations under Peruvian pension regulations.
General information
Firm type
Pension Fund
Year founded
1993
Location
Region
South America
Country
Peru
City
Lima
Corporate office
Calle Coronel Andrés Reyes 489, San Isidro, Lima, Peru
Principals
Joswilb Vega Ugarte
Chief Investment Officer
Sebastian Arcuri
President of the Board
Sector focus
Frequently asked questions
Who runs investment decisions at Profuturo AFP?
Joswilb Vega Ugarte serves as Chief Investment Officer. Investment oversight occurs under the board led by Sebastian Arcuri, President of Scotiabank Perú.
How is Profuturo AFP related to Scotiabank?
Scotiabank Perú holds 99.99 percent ownership through Scotia Peru Holdings. The relationship dates to the firm's establishment and includes shared service arrangements.
Does Profuturo AFP participate in fund commitments or only direct deals?
The firm makes both fund commitments and direct investments. Holdings include commitments to Enfoca, Ardian, and Fortress real estate funds alongside direct infrastructure projects in Peru.
What asset classes does Profuturo AFP allocate to?
Allocations include public equities listed on the BVL, private equity, real estate, and infrastructure. Private equity currently represents 4 percent of assets.
Where does Profuturo AFP source deal flow?
Deal flow originates through co-investments with Enfoca and participation in GRI Club infrastructure forums. The firm also accesses opportunities via its parent Scotiabank network.
What recent regulatory event affected Profuturo AFP?
In December 2024 the firm secured the SBS tender for new affiliates covering 2025-2027 after submitting the lowest commission bid.
Profile maintained by Altss 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.
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