- Business
- Larrain Vial Activos S.A. Administradora General de Fondos (LarraínVial Activos AGF) is a Chilean asset management firm specializing in the structuring, management, and administration of public and private investment funds, alternative investment vehicles, and feeder funds for institutional and professional investors. Operating as the alternative asset management arm of the LarraínVial financial services group, which traces its origins to 1934, the company is headquartered in Las Condes, Santiago, Chile, and maintains operational and investment reach across Chile, broader Latin America, North America, and Europe via specialized vehicles including Luxembourg-domiciled LV SICAV structures. The company provides a systematic range of investment solutions and asset management services, organized into: Private Debt Funds, including residential mortgage-backed portfolios, state-subsidized housing debt funds, corporate structured financing, mid-market direct lending, and automotive credit facilities; Real Estate Investment Funds, comprising commercial office, retail, industrial real estate, and residential income strategies such as Patio Renta Inmobiliaria and Open Casa Single Family Rental U.S.A. funds; Private Equity and Venture Capital Funds, investing in private growth enterprises across healthcare, technology, consumer goods, and agribusiness; Infrastructure and Natural Resources Funds, targeting Latin American and global infrastructure development, clean energy, and mining sector projects; International Feeder and Third-Party Manager Funds, which facilitate regional access to top-tier global private market managers including HarbourVest, Landmark Real Estate, and Drake Real Estate Partners; and Customized Wealth and Institutional Advisory Services, encompassing portfolio structuring, fund administration, and investment custody services tailored for pension funds, insurance companies, family offices, and high-net-worth individuals. In recent developments, LarraínVial Activos has expanded its alternative portfolio through the launch of specialized investment vehicles, including the Estrategia Automotriz III fund dedicated to automotive leasing and electric mobility financing, alongside continued capital deployment into United States single-family rental real estate via its strategic partnership with Opencasa. Concurrently, the firm marked a 20-year operational milestone for its alternative platform, Activa Alternative Assets, surpassing USD 1.7 billion in alternative assets under management. The company has also navigated key governance and regulatory milestones with Chile's Financial Market Commission (CMF), including the administrative restructuring and legal resolution of legacy structures such as the Capital Estructurado I fund, as well as the orderly liquidation of non-core offshore holdings such as the Europe Medneo Health Tech fund to optimize its specialized investment portfolio.