Ainda Energía & Infraestructura (Ainda) is the general partner of a private equity fund engaged in the conceptualization, design, implementation and operation of investment opportunities in the Energy and Infrastructure sectors in Mexico. The fund is set as a listed private equity fund (Certificates of Development Capital), a structure established in 2006 by the Mexican regulator to allow pension funds (Afores) and other institutional investors to participate in private equity opportunities.
According to our investment strategy we can invest in the following industries: transport, including toll roads, airports and ports; water, mainly in public concessions and energy, including oil and gas, renewables and conventional power. So far we have invested in a toll road asset. At the present time we are pursuing other deals related to another toll road, a company providing ITS services in the transport sector, a water utility and several renewable and oil and gas projects.
It is important to highlight that Mexican regulation requires private equity funds with money from pension funds, to be listed in the Mexican Stock Exchange, therefore Ainda, as the GP of the listed fund AINDACK18, is subject to governance and transparency regulation at the level of a listed company.
In order to comply with this regulation Ainda has created a robust corporate governance, formed by:
- A Technical Committee in which investors must discuss and approve any relevant decisions related to the trust, including investments. The Technical Committee includes five experienced independent members proposed by Ainda that have to be approved by investors.
- An Investment Committee with experienced independent members (mostly others than those involved in the Technical Committee) that prefilter opportunities to the Technical Committee
Besides, the GP received a 22% capital raise from Proeza, an international conglomerate based in Monterrey, who contributes with valuable experience in corporate governance policies and chairs the Audit and Compensation Committees, as well as the Board of Directors. Both Committees include independent advisors as well.
It is also important to highlight that independent board members that participate in the two aforementioned committees of the CKD (Technical and Investments) have very relevant trajectories in the industry, offering highly experienced opinions with a mix of local and international knowledge. We have 8 independent board members:
1. Fernando Gomez Mont:
- Currently, Partner at Zinser, Esponda y Gómez-Mont
- Former Minister for the Interior, Government of México
- President of the Justice Commission, Mexican Federal Congress
- Federal Congressman
- Member of the National Executive Board and the Political Commission of Partido Acción Nacional
- Founding Partner at ADP
- Bachelor's Degree in Law from Escuela Libre de Derecho
2. Enrique Barón Crespo
- Currently, President of the International Yehudi Menuhin Foundation and the European Foundation for the Information Society
- President of the European Parliament
- Former Minister of Transport, Tourism and Communications of Spain
- Member of the City Council of Madrid
- Order of the Aztec Eagle,
- Ph.D. in Law, Universidad Complutense de Madrid
- Bachelor's Degree in Business Administration from ICADE and ESSEC
3. Ginger Evans
- Currently CSO at CAG Holdings, a Carlyle Company
- CEO at Reach Airports Arlington Virginia
- Director of Chicago O`Hare airport
- VP at Parsons Corporation
- Led design & construction of Denver International Airport
- Aviation Director at Denver International Airport
- B.Sc. and M.Sc in Civil Engineering, Colorado State University
4. Louis Ranger
- Currently Corporate Director at OAG
- Former Transport, Infrastructure and Communities Vice Minister, Canada
- Board Member of Canada Mortgage and Housing Corporation
- Excellence Award for Public Service
- B.Sc. and M.Sc. in Economics, Ottawa University and Montreal University
5. Raúl Livas
- Currently Partner at ST Energía
- Corporate Planning Director at PEMEX
- Director of Pemex Petroquímica
- Head of the Energy Policy Unit, SENER
- General Director at MXV Capital Ventures
- National Economics Award
- Ph.D. in Economics from MIT
- B.Sc. in Economics from ITAM
6. Guillermo Guerrero Villalobos
- CEO at DIRAC
- Construction Under Director at Renovación Nacional
- CEO at CFE and LyFC
- Director at CONAGUA
- National Civil Engineering Award
- Civil Engineer from Instituto Politécnico Nacional, Mexico
7. Louise Goeser
- Currently, Board Member of Talen Energy Corporation, MSC Industrial Direct Co. and Seguros Monterrey NY Life
- President and Executive Director at Siemens Mesoamérica
- Quality Global Vice President at Ford Motor Co.
- MBA, University of Pittsburgh
- B.Sc. In Economics, Penn State
8. Luis Robles Miaja
- Currently, Director Partner at Robles y Zaldívar and Institutional Advisor in Bolsa Mexicana de Valores
- Chairman of the Board, BBVA Bancomer
- Executive President of the Mexican Banking Association
- B.Sc. In Law from Escuela Libre de Derecho
Finally, in order to comply with transparency regulation on CKDs, Ainda has the support of the following third parties:
- Fiduciary: Manages investor funds (INVEX)
- Investor Representation: Monitors fiduciary operations (CI Banco)
- External Auditor: Audits financial statements of the trust (EY)
- Independent Valuator: Provides a third-party valuation of the assets in the trust (Deloitte)
- Administrative Services: Backoffice functions (IGNIA)