Invinsa – Administradora de Fondos

WE MANAGE ALTERNATIVE ASSETS

WITH ANALYTICAL DEPTH,

OPERATIONAL EXCELLENCE,

AND STRICT REGULATORY COMPLIANCE.

EXCELLENCE

Transparency

Commitment

Collaboration

Integrity

About us

Our commitment is to offer sustainable, high-value investment opportunities, building lasting relationships of trust with our investors.

Excellence

We strive to do things right, always. We care about the details, the quality of our work, and continuously improving. It is not about being perfect — it is about never settling and never stopping learning.

Transparency

We share information clearly and in a timely manner, and we act with honesty in everything we do. This is how we build relationships of trust, both inside and outside the company.

Commitment

We believe in the value of what we do, and we deliver on what we promise. We give our best, even when the path is demanding, because we understand that our work creates real impact.

Collaboration

We work as a team, listen with respect, and value everyone's contributions. We know that when we move forward together, we make better decisions, achieve better results, and foster a better work environment.

Integrity

We act with integrity, even when no one is watching. We make ethical decisions, respect the rules, and treat people fairly. Trust is earned by example.

History

2016

Incorporation of Altis S.A. AGF

On January 13, 2016, the company was incorporated under the name Altis S.A. Administradora General de Fondos, by public deed executed at the Notary Office of Raúl Undurraga Lazo in Santiago. On March 4, the Financial Market Commission (CMF) authorized its existence and approved its bylaws through Exempt Resolution No. 497.

2017-2018

Launch and First Investment Vehicles

Administradora de Fondos Invinsa S.A. launches its first private investment funds: FIP Invinsa Debt I (*), FIP Invinsa Real Estate Income I (*), FIP Invinsa Absolute Return (*), and FIP Invinsa Private Debt II (*).

2019

Expansion into Real Estate Income and Industrial Assets

FIP Invinsa Real Estate Income III (*) and FIP Invinsa Independencia (*) are structured. In addition, Central Bodegas is acquired through FIP Invinsa Central Bodegas (*), reinforcing the firm's strategy in industrial assets.

2020

Public Market Entry and New Income Funds

The public fund BCI Invinsa Rentas Inmobiliarias is launched and FIP Invinsa Rentas IV (*) is established. During this period, several fund liquidation processes are completed with outstanding results.

2021-2022

Diversification and New Opportunities

The firm develops FIP Invinsa Industrial Income III (*), FIP Commercial Real Estate (*), FIP Real Estate Opportunities (*), and Fondo Industrial Development (*). It also completes an international investment in Hoffner LLC, United States. The first institutional investors begin investing in Invinsa.

2023-2024

New Assets and Consolidation

The acquisition of Lo Boza warehousing center is completed, and FIP Industrial Development (*), FIP Resguardo 3 (*), and FIP Real Estate Opportunities II (*) are launched, expanding the firm's footprint in industrial and logistics assets.

2024

Acquisition of a Public Asset Manager

In August 2024, Invinsa Capital SpA and Administradora de Fondos Invinsa S.A. execute a share purchase agreement for 100% of the shares of Altis S.A. AGF. In September, an agreement is reached to change the corporate name to Invinsa Administradora General de Fondos S.A., and the Internal Regulations of the Invinsa Industrial Development Investment Fund — its first public fund — are formally filed.

2025

Brand Evolution and New Projects

In February 2025, the Comisión para el Mercado Financiero (CMF) formally approves the amendment of the company's bylaws and the change of legal name. Concurrently, FIP Ilogis Lo Pinto (*) and FIP Invinsa Real Estate Income V (*) are launched.

2026

Invinsa Offices

The Invinsa Offices public fund is launched.

(*) Refers to a private investment fund that is neither regulated nor supervised by the Financial Market Commission.

Team

Civil Engineer, Universidad de los Andes.

He has extensive experience in real estate investment and asset management. He previously served as a portfolio manager at Independencia Fondos de Inversión and led the structuring of real estate funds at Nevasa. He served as the Regional Ministerial Secretary of Economy for the O'Higgins Region, contributing public-sector leadership experience and post-earthquake reconstruction expertise.

CRISTIAN BARROS R.

Founder and Partner of Invinsa Capital SpA and Chairman of the Board of Invinsa AGF

Business Engineer and MBA from IESE Business School.

He has a track record in executive leadership and investment management. He participated in the acquisition and general management of Central Bodegas, and previously developed the Private Banking division at Compass Group. He brings strategic vision and a focus on long-term value creation.

CARLOS FIGUEROA I.

Partner of Invinsa Capital SpA and CEO of Invinsa AGF

Business Engineer, Pontificia Universidad Católica de Chile.

He has more than 15 years of experience in investments and corporate governance. He currently serves as Executive Vice President of Primus Capital and Independent Director of Norte Grande. He previously led investment management at the Estrella del Sur Family Office.

EDUARDO GUERRERO N.

Partner and Director of Invinsa Capital SpA

Business Engineer, Pontificia Universidad Católica de Chile.

Specialist in investment analysis and management. He served as CIO of the Estrella del Sur Family Office and currently sits on the boards of Primus Capital and its subsidiaries. He brings expertise in strategic asset allocation and corporate governance.

GABRIEL MARÍN B.

Partner of Invinsa Capital SpA and Director of Invinsa AGF

Business Engineer, Pontificia Universidad Católica de Chile.

He has experience in strategy, finance, and operations. He currently serves as Director of Strategy at Primus Capital and previously served as CFO & COO of the Estrella del Sur Family Office, leading financial planning and business development.

BENJAMÍN LASO U.

Partner and Director of Invinsa Capital SpA

JUAN JOSÉ FUNES

Structuring Manager

JOSÉ TOMÁS AGUIRRE L.

VP Real Estate Development

JOSÉ ANTONIO RODRÍGUEZ

Assistant Manager, Private Credit AGF

JOSÉ FRANKE

VP Real Estate Income

RAFAEL SIMPSON

Real Estate Manager

ZAVKA MARANGUNIC D.

Real Estate Income Portfolio Manager

SANTIAGO SOLAR

Investment Analyst

FELIPE CUEVAS G.

Real Estate Development Manager

CHRISTIAN STUTZ

Sales Manager

ANTONIA MAC-IVER

Coordinator of Commercial Management and Real Estate Operations

SCHEZNARDA GONZÁLEZ

Operations Manager

JESSICA LABRA V.

Assistant Accounting Manager

VICTORIA ARAYA

Compliance Officer

PAULA BARRIOS

Human Resources Analyst

DANIEL RODRIGUEZ V.

Head of Accounting

ROSSANA MAZA

General Accountant

VALERIA ARAVENA N.

General Accountant

EZEQUIEL MUÑOZ

Junior Accountant

EVA MARIVIL

General Accountant

ALEJANDRO CABEZAS G.

Treasurer

ENZO SALINAS L.

General Accountant

JOAQUÍN GENSEN

Accounting Assistant

MICHELLE DÍAZ

Accounting Assistant

BÁRBARA DEPPE A.

Administrative Assistant

MARCELA VÁSQUEZ

Administrative Assistant

Business areas

REAL ESTATE

We have vast experience in the real estate market, investing in income, development and real estate opportunities in all of its different asset classes.

FIP Independencia (*)

development of real estate mixed Project on a popular area of Santiago, Chile.

BCI Invinsa Real Estate Rent fund

Industrial and logistics real estate rent fund in Chile, managed by BCI Asset Management Administradora General de Fondos S.A. LINK CMF

Rent I Real Estate FIP (*)

Educational and Commercial real estate rent fund.

Rent III Real Estate FIP (*)

Invest in Value Added Commercial Real Estate assets with high potential rent.

Industrial Rent fund (*)

Industrial real estate rent investments in Chile.

Commercial Rent FIP (*)

Fondo de rentas inmobiliarias comerciales.

FIP Rentas IV (*)

Liquidated value-added fund that invested in a logistic property for sale. IRR: inflation + 71.03%

FI Industrial Development

Development of logistics-industrial properties to be sold by cash flows, once the assets are stabilized.

FIP Rentas V (*)

Investment in commercial properties with high income potential.

(*) Refers to a private investment fund that is neither regulated nor supervised by the Financial Market Commission.

Private Credit

We structure investment vehicles backed by real estate assets, offering our investors a preferential return. These structures are designed with a medium-term profile, optimized to deliver an attractive return and provide protection to the invested capital.

Latam Volatility and Money FIP (*)

It seeks to obtain high yield investments in Latam fixed income. Also invest in money derivatives.

REAL ESTATE OPPORTUNITIES FIP (*)

Vehicle that invest in discount housing assets for sale, delivering a preferential return to investors.

FIP RESGUARDO 3 (*)

Preferential return investment vehicle backed with underlying real estate assets.

FIP Real Estate Opportunities 2 (*)

Vehicle that invest in discount housing assets for sale, delivering a preferential return to investors.

FIP Debt 1 (*)

Fund that invested in debt of a company undergoing reorganization. The fund was liquidated with a real IRR of 51.9%.

Private Debt II Fund (*)

Collateralized private debt. The fund was liquidated with a real IRR of 11,6%.

(*) Refers to a private investment fund that is neither regulated nor supervised by the Financial Market Commission.

Private equity

We generate specific vehicles for opportunities in companies that need to professionalize their management or simply improve their financing and capital conditions.

Ilogis

Developer of industrial and logistics real estate and built to suit assets for sale once it has stabilize the NOI.

www.ilogis.cl

FIP Ilogis Lo Pinto (*)

Construction of Class A logistics warehouses in the Colina county.

Central Bodegas FIP (*)

Warehouse company, with very good locations in Santiago, with +1,00,000 sqft of GLA and 15 years of experience. Liquidated fund. IRR: inflation + 17.34%.

(*) Refers to a private investment fund that is neither regulated nor supervised by the Financial Market Commission.

promoting a culture of compliance – Risk & Compliance.

At Invinsa, we consider it essential to operate responsibly and demonstrate a high degree of risk awareness and regulatory compliance in all aspects of our business operations

If you notice or have information of any suspicious behavior or activity to report, please contact us though our compliance channel.

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