ADVISED ANDINO SAFI AND CAPIA IN THE ARRANGEMENT AND PLANCEMENT OF 2 FACTORING AND CONFIRMING INVESTMENT FUNDS

Hernandez & Cía. Abogados advised Andino Sociedad Administradora de Fondos de Inversión S.A. and CAPIA Renta Fija S.A.C., as investment adviser, in the arrangement and placement of 2 investment funds through private offering called “CAPIA Acreencias I Fondo de Inversión Soles” and “CAPIA Acreencias I Fondo de Inversión Dólares”, which have as investment objectives to acquire credits under the factoring and confirming operations (reverse factoring).

Such funds had their first closing on October 10, 2016 and will develop operations of factoring and confirming worth up to S/ 100 million and US$ 50 million, respectively (in total together approximately US$ 80 million).

It is worth mentioning that such funds have been placed under a recent legal framework approved in Peru regarding the promotion of financings through negotiable invoices (facturas negociables), being the purpose of such funds to be a more accessible alternative of financing to micro-small, small and medium size companies in Peru (MIPYME).

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