Fondo de Fondos

The roots of Fondo de Fondos begin in 1996, when Nacional Financiera took the first commitment in a private equity fund. In 2006, this institution, Focir, Bancomext and Banobras transfered their isolated commitments in 14 investment funds, with a total of 134 million dollars, to the recently created Fondo de Fondos. In 2006 Fondo de Fondos was created to manage the investments in private equity, through the transfer of the commitments in the 14 funds here above mentioned. The main objective of Fondo de Fondos is to generate attractive risk-adjusted return, and to promote the private equity industry in Mexico. Since its creation, Fondo de Fondos has implemented a strategic plan to manage third party capital under international best practices, creating unique benchmarking databases in the industry, recruiting recognized experts, and constantly training its founding team. Nowadays, it manages commitments of more than 700 million dollars; 10% of the total comes from third party institutional investors that have decided to trust in the team’s experience and expertise.

Pablo Diego

Chief Investor Relations Officer

Adriana Tortajada

CIO of Venture Capital

José Manuel Villaseñor

CFO and Finance and Management Director

7 past transactions

Carrot

Series B in 2016
Carrot is Mexico’s first car sharing service that provides fuel-efficient automobile reservations to members, billable by the hour or day. Carrot members pay a monthly membership fee in addition to car reservation charges which include gas and insurance. Carrot’s service is the first of its kind in Mexico, giving rise to an agreement with the Mexico City government for special parking permits and access to electric cars. At the end of 2015, Carrot had a fleet of 82 cars in Mexico City, Monterrey, Guadalajara and Puebla.

YellowPepper

Series C in 2015
YellowPepper USA, LLC offers mobile banking and payment solutions. The company offers a white-labeled m-payment platform, which includes support for major operating systems and communication protocols, such as NFC, BLE, and QR codes that allow consumers, businesses, and banks to interact, manage, and accept cashless payments; and m-banking suite (APP, SMS, ad USSD) that enables banks to meet the rapidly evolving needs of their clients. The company was founded in 2004 and is based in Miami, Florida with additional offices in Brazil, Mexico, Colombia, Peru, Ecuador, Bolivia, Dominican Republic, Costa Rica, and Trinidad and Tobago.

Clip

Series A in 2015
Clip is changing card acceptance in Mexico, offering different models of portable card-reading hardware to accept all credit and debit cards as well as other solutions. More than a device to accept all cards, Clip is an ally focused on empowering Mexican businesses.

Carrot

Series A in 2014
Carrot is Mexico’s first car sharing service that provides fuel-efficient automobile reservations to members, billable by the hour or day. Carrot members pay a monthly membership fee in addition to car reservation charges which include gas and insurance. Carrot’s service is the first of its kind in Mexico, giving rise to an agreement with the Mexico City government for special parking permits and access to electric cars. At the end of 2015, Carrot had a fleet of 82 cars in Mexico City, Monterrey, Guadalajara and Puebla.

ID90T

Series B in 2013
"ID90T is revolutionizing airline employee travel by providing online shopping, reservation and ticketing tools, employee-only deals and discounts, and easy-to-implement technology that results in significant cost savings for our airline clients and increased employee satisfaction."

Assured Labor

Series B in 2015
Assured Labor, Inc., a mobile recruitment company, provides a platform that enables employers to connect with mid-to-low wage candidates in their area. Its platform identifies and proactively reaches out candidates through a text-message so that they can apply instantly. The company facilitates employers seeking candidates to simply input their job description into its Website; and candidates seeking work to register at any computer for receiving text-messages as and when a company posts a local position they are highly qualified for. Assured Labor, Inc. was incorporated in 2008 and is based in Mexico City, Mexico.