Agenda
A S S E T C h i l e
3
C o r p o r a t e F i n a n c e
5
A s s e t M a n a g e m e n t
13
ASSET Chile
Our Company
Asset is a Chilean financial advisor, market leader in mergers and acquisitions, financing and asset management.
With over 30 years of experience, Asset has demonstrated the benefits of being an independent advisor, with a top quality team, entirely devoted to adding value to its clients with independence and creativity.
Founded in 1984, our firm has completed transactions of different nature and complexities in several industries, with a special emphasis in the mining, infrastructure, energy and forestry sectors.
Corporate Finance
Mergers & Acquisitions
Financing
Asset Management
Our M&A team delivers high value added results to Chilean and international clients, of both the private and public sectors, in transactions of different type, size and complexity.
We have a long track record in divestitures, acquisitions, cross
border transactions,
restructurings, mergers and strategic transactions.
The quality and impact of our advisory work rests on the excellence of our team, our well established network of local and international contacts, our capacity to simultaneously handle the strategic, tactical and financial aspects of each assignment, our deep knowledge of the local and regional markets, and our robust experience as an independent, creative and rigorous advisor.
We have more than two decades of experience structuring innovative financing packages for local and international clients. We put together the first project financing for a mining project, involving local banks, in Chile—La Candelaria, Phelps Dodge. We structured the first BOT concession for a new port terminal in Chile—Complejo Portuario Mejillones, and we structured the first local bond for a multinational mining company in Chile—Escondida. We designed the first simultaneous bond for a Chilean company in Chile and the US-Enap and subsequently we developed very sophisticated structured finance vehicles in Chile in the forestry (Fondo Bio Bio) and mining sectors (Joint Venture Minmetals-Codelco).
Based on our access to financing sources in all segments, including pension funds, banks, insurance companies, family offices, private bankers, private equity funds, and other asset managers, and our deep understanding of each investor’s investment preferences, we are able to put together the best combination of financing sources for our clients´ needs. For each particular case, we creatively design the right solution with regard to the product type, financing amount, tenor, currency, contract terms and risk sharing.
We design, structure, place, and then manage investment funds. We have structured fund in different sectors such us forestry, mining, real estate and the financial industry.
We use our creativity and knowledge of the financial market to create innovative tailor-made funds, and take advantage of market opportunities that are usually overlooked by our competitors.
Recently we have added the ability to place and manage investment funds that are managed by third parties.
We have a local track record as a reliable fund manager with institutional and private investors, including Chilean Pension Funds, insurance companies and family offices.
We own a public fund management company, that allows us to manage public funds regulated by the SVS, and a private fund management company for those not regulated.
Agenda
A S S E T C h i l e
3
C o r p o r a t e F i n a n c e
5
A s s e t M a n a g e m e n t
13
ASSET Chile’s Completed Transactions
Absolute Leader in Mining
Vast Experience in Different Industries
Mergers & Acquisitions
Track Record in Key Industries
Regional and Cross Border Transactions
Acquisitions
Divestitures
We have completed M&A transactions in different industries, with a special focus in the mining, forestry, energy and natural resources sectors such as forestry and salmons.
We are leader advisors in the mining sector.
We have developed unique transactions in the port sector.
In the forestry sector, we have completed several acquisitions and we manage two investment funds.
In the energy sector, we advise clients in thermo and hydro generation, non-conventional renewable electricity generation, power transmission and oil and gas industry.
We have completed transactions in Chile, Perú, Brazil and Argentina, and have a well established network of Latin American associates to team up with to better serve our clients’ needs.
A large proportion of our engagements are cross-border transactions.
We help our international clients understand and navigate the Chilean business environment.
We get involved in the challenges arising in these types of transactions, including taxation, capital flows and structuring and incorporation of appropriate legal vehicles.
Our team has a long background conducting divestiture processes of operating companies, strategic assets and divisions.
We have conducted divestiture processes of various kinds, including private and public auctions, local and international divestitures, sales to private equity and financial investors, sales to competitors and new entrants to an industry, sales or block trades of controlling and minority equity stakes, sales to partners and third parties.
Each process is unique and has to be adapted to the specific circumstances of the company and its owners.
Maintenance of competitive tension and confidentiality are two key elements in these engagements.
We have a solid track record advising clients in strategic acquisitions.
We support our clients in all the stages of the acquisition process: evaluating the relevant industry and the target company to be acquired, approaching the owners, negotiating a deal structure and price, and closing the final documentation required to materialize a transaction.
We support our clients with post closing and transition issues.
Our experience in multiple acquisitions allows our clients to ensure the achievement of their goals.
Selected M&A Transactions
Mining
Financial Advisor US$ 30,000.000has sold mining properties to
Minera Quadra Chile SCM, a subsidiary of Financial Advisor US$ 70,000,000
has enteted into a Joint Venture agreement with
LS Nikko Copper
to develop and build a precious metal plant in Chile
Financial Advisor US$ 103,000,000
has sold a 27% stake in
S.C.M. Carmen de Andacollo to Financial Advisor US$ 474,000,000
has sold a 25% stake in
Cerro Casale to Financial Advisor US$ 137,000,000 has been sold to
a Joint Venture between Nippon Mining & Metals and
Mitsui Mining & Smelting
Financial Advisor
has sold a 70% stake in
CMS Tecnología to Financial Advisor US$ 40,100,000
has sold the mining project Diego de Almagro to Compañía Minera Can Can Financial Advisor US$ 9,350,000 has sold Minera Inmobiliaria Cascada S.A. to
Inversiones ACPS S.A.
Financial Advisor US$ 70,000,000
has sold certain non-core business assets Financial Advisor US$ 480,000,000 has acquired Financial Advisor US$ 9,225,000
has sold a 60% stake in
Fundición Talleres to Financial Advisor US$ 9,380,000 SLM Fénix has granted a call option for mining
concessions to Financial Advisor US$ 1,700.000,000
has acquired 24.5% of Anglo American Sur and Los Leones and Profundo Este
mining exploration properties from Financial Advisor US$ 2,800,000,000
has entered into a Joint Venture Agreement with
for the acquisition of a
29.5% stake of Anglo American Sur Financial Advisor US$ 175,000.000
has acquired an option for the 49% stake in Los Bronces Chagres El Soldado
Selected M&A Transactions
Energy, Infrastructure, Natural Resources and others
Financial Advisor
divestment process
Ongoing
Financial Advisor
Joint Venture between has sold its 58 MW thermoelectric power plant
Colmito to Financial Advisor US$ 271,000,000
has merged its salmon farming businesses with
Financial Advisor
US$ 410,000,000
has acquired Nextel Perú S.A.,subsidiary of
Financial Advisor
US$ 507,000,000
has awarded a 30 year concession
to
Financial Advisor
US$ 150,000,000
has entered into a Joint Venture agreement for the
development of Financial Advisor US$ 3,500,000 Sigma S.A Subsidiary of has sold 100% of to Financial Advisor Compañía Forestal Chilena
has water rights for a 115 MW hydroelectric project located in the Bio Bio basin
to
Financial Advisor
US$ 320,000,000
has awarded 20 year concession
to
Financial Advisor
US$ 80,000,000
has signed an EPC and O&M contract with
to build and operate a water desalination plant in Chile
Financial Advisor
US$ 346,000,000
has acquired
Forestal Bio Bio S.A. Forestal Agrícola A.
Norwood Financial Advisor
US$ 10,600,000
has sold 4,500 hectares of forestry plantations
to
Financial Advisor
US$ 8,800,000
has sold 1,400 hectares of forestry plantations
to
Financial Advisor
US$ 61,520,000
a member of Grupo Brescia Cafferata has acquired a 84% stake in
Financial Advisor
US$ 54.720.000
has sold its transmission lines Cardones – Maitencillo 220 kV to Financial Advisor US$ 50,000,000
Inmobiliaria Avantuén S.A
subsidiary of has sold 16 strip centers to Financial Advisor US$ 190,000,000
through its subsidiary
have acquired the salmon farming company
Financial Advisor
US$ 22,000,000
subsidiary of has sold its commercial center
Selected Strategic Advisories
Mining
Financial Advisor
strategic alternatives for the iron ore project
Boquerón Chañar
Financial Advisor
valuation of its subsidiary Minera Hampton Chile Limitada, and its project
Financial Advisor
strategic alternatives in Latinamerica
Financial Advisor
financing of the Project San Cristobal in Bolivia Financial Advisor strategic alternatives Financial Advisor strategic alternatives Financial Advisor US$ 2,000,00.000
has entered into a 15 year strategic alliance with
Financial Advisor
advise in the development of a slag recovery plant in
Chile
Financial Advisor
US$ 3,000,000,000
has agreed a foreign investment contract with
Selected Strategic Advisories
Energy, Infrastructure, Natural Resources and others
Financial Advisor strategic advisory
capital structure Financial Advisor development of a100 MW photovoltaic plant (US$ 250 million) Financial Advisor strategic alternatives Financial Advisor development if a LGN plant in Chile Financial Advisor strategic alternatives Financial Advisor strategic alternativesin Latinamerica Financial Advisor strategic alternatives Financial Advisor strategic alternatives Financial Advisor development of port expansions Financial Advisor strategic alternatives Financial Advisor US$ 104,000,000
Codelco awarded a 25 year concession to build and operate a port facility in northern Chile, Complejo
Portuario Mejillones
Financial Advisor
has signed an offtake contract with
for 200 l/s of desalinated water
Financial Advisor
has negotiated a 153 MW Power Purchase Agreement
for
Financial Advisor
US$ 1,500,000,000
has negotiated a 300 MW Power Purchase Agreement
for its mining operations:
Los Bronces Chagres y El Soldado
Financial Advisor
US$ 35,000,000
has negotiated a 25 MW Power Purchase Agreement
for
La Coipa Financial Advisor
strategic alternatives
Financial Advisor
valuation of assets and projects owned by
Americas Energy Fund y Fondo Andino Financial Advisor
strategic advisory interconnection SIC – SING
Financing
Structured Financing
Project Financing
Bond Placements
Syndicated Loans
Private
Placements
Our team has developed a unique expertise in the Chilean market designing structured financings for our clients. We understand all the implications and complexities of allocating the risks of a transaction among different parties, structuring the right contracts and agreements, and setting the right incentives for different players involved.
We use our creativity and flexibility to innovate in order to provide our clients with the right structure for each particular situation. We have a deep understanding of local capital market and tax regulations.
Local and international companies, with greenfield or brownfield developments, have relied on our expertise as their advisor to structure project financing.
Because we are not related to any large financial institution, we can play with the different levers of each transaction to obtain the best outcome for our clients: creating competitive tension among local banks, allocating risks in the key contracts, and designing the right security package.
In those cases where a bond placement represents a special challenge, because it is a market debut, the industry is not well understood by investors, or the structure is innovative, we help our clients design and market bonds.
We helped: i) BHP Billiton in structuring and placing the first mining bond in the Chilean market for La Escondida; ii) Molymet, the world´s leader in Molybdenum production, with their Chilean bond debut iii) ENAP in structuring a simultaneous bond debut in Chilean and US markets.
Our access to the players in the Chilean banking industry, our understanding of their “modus operandi”, and our reputation as an independent agent, make us the ideal advisor to structure and negotiate syndicated loans.
Regardless of the size, currency denomination or tenor required by our clients, we work together with them to find the right lenders and the right lending conditions for each particular situation.
We have a unique understanding of the Chilean investor community. This understanding, coupled with our reputation as a detail oriented institution that performs very thorough analysis, has given us a very strong capability to structure and place sophisticated financial products in the market.
We have a track record in placements of products developed by our firm, and have recently added the ability to sell third party financial products as well.
Selected Transactions
Financing Transactions
Structuring & Placement Agent
US$ 24,300,000
has issued shares in a private placement and has
been awarded a non recourse debt sponsored by
Financial Advisor & Structuring Agent
US$ 240,600,000
has secured a syndicated loan facility in the international market
7 years LIBOR + 0.375%
Financial Advisor & Structuring Agent
UF 5,000,000
has issued two tranches of bonds in the Chilean market
Financial Advisor & Structuring Agent
US$ 290,000,000
has issued a bullet bond in USA under rule 144 A and
Regulation S 10 years US$ 6.75%
Financial Advisor & Structuring Agent
US$ 200,000,000
has issued a bond in the Chilean market 8 years US$ 7.5% Serie A 5 years UF 3.89% Serie B 20 years UF 4.85%
Financial Advisor & Structuring Agent
US$ 1,863,000,000
has agreed a long term financing with
for the acquisition of a 24.5% stake of Anglo
Agenda
A S S E T C h i l e
3
C o r p o r a t e F i n a n c e
5
A s s e t M a n a g e m e n t
13
Asset Management
Fund Structuring
Funds Under Management
Placement of Third Party Funds
In 2005, Asset Chile entered into the assetmanagement business with the aim of creating innovative and customized Funds, and take advantage of market opportunities that our competitors usually oversee.
Asset Chile is looking to develop funds on the industries of its expertise: infrastructure, mining, energy, forestry and real estate.
The asset management division at Asset Chile has its own dedicated and specialized team to create, place and then manage funds. In recent years, it has placed over US$500 million for different initiatives, including forestry, mining and real estate funds.
Each fund is managed by a dedicated and specialized fund manager, who is part of Asset Chile’s asset management team.
Additionally, this area has an operational team that manages the funds daily operations, meets the requirements demanded by the regulator, and produces the necessary reporting to its investors, including Chilean pension funds.
The asset management division of Asset Chile began with the structuring and placement of the first Latin America’s forestry fund for US$ 40 million in 2005. The Lignum Fund bought more than 8.000 Has of forests and land in the south of Chile, including pines and eucalyptus plantations. The forests are currently being managed by, and will be sold to, the forestry companies Arauco and CMPC.
In 2007 Asset Chile structured and placed the Bio Bio fund for US$ 350 million, to acquire Forestal Bio Bio, the fourth Chilean forestry company that owns 40.000 Has of forests and lands. The fund entered into offtakes contracts to sell all its wood with Celulosa Arauco, offering its investors a stable return. Arauco also manages all the assets through operational contracts.
In 2011, Asset structured and placed a mining exploration fund for US$25 million. The fund is part of the “Fenix” program sponsored by CORFO and the Chilean Ministry of Mines. The fund business model is to finance drilling campaigns of reputable mid and small size mining operators with attractive tenements.
During 2013, Asset structured and placed the first Chilean Residential REIT. The fund buy residential buildings, manage them as a business unit (centralized), rent its apartments to individuals, and offer additional services to tenants to increase revenues.
In 2010, Asset decided to expand its business model and started to raise money locally for international managers.
Asset Chile understand the needs of local institutional investors and family offices, and is constantly looking for international managers and products to satisfy those needs.
Nowadays, there is a large number of managers coming to Chile looking to raise funds. Asset Chile realizes an extensive due diligence before establishing a formal agreement.
Asset Chile has also established an alliance with the global placement agency First Avenue Partners, in order to raise funds in Chile.
This partnership has been very successful in bringing renown managers to Chile, expanding and sophisticating the current local offer.
Asset Chile through it subsidiary Asset AGF offers also the structuring of a local vehicle or feeder fund in case the manager requires it, due to local regulations or investors requirements.
Asset Management
Asset Chile Funds
Structuring & Placement Agent
US$ 39,400,000
Forest Investment Fund LIGNUM
has issued shares in a private placement for US$ 39.4 million for the
purchase of pine and eucalyptus plantations in the
south of Chile
Structuring & Placement Agent
US$ 24,300,000
Asset Chile Mining Investment Fund
has issued shares in a private placement for US$
8.5 million, and has been awarded a non recourse debt
for the US$ 15.8 million through the
sponsored by:
Structuring & Placement Agent
US$ 34,000,000
Private Investment Fund
has issued shares in a private placement for US$ 20
million and obtained a debt for US$ 14 million for the
Investment in Latin-American fixed income
together with
Structuring & Placement Agent
US$ 343,000,000
Forest Investment Fund Bio Bio
has issued shares in a private placement for US$ 103 million and obtained a syndicated loan for US$ 240
million for the purchase of Forestal Bio Bio
Structuring & Placement Agent
UF 300,000
Residential Rents Investment Fund
has issued shares in a private placement creating the first Chilean residential
REIT.
Private Placements
Structuring & Placement Agent
US$ 500,000,000
AELA FICER
is managing AELA Fund to invest US$ 500 million in
NCRE Projects in Chile. AELA is a JV between Actis
and Mainstream
Structuring & Placement Agent
US$ 41,000,000
has raised US$ 41 million in Chile and UK through a
private placement
Structuring & Placement Agent
US$ 77,200,000
has raised US$ 77.2 million in Australia, Chile and UK, though a private placement
Structuring & Placement Agent
has raised seed capital in Chile through a private
placement
Agenda
A S S E T C h i l e
3
C o r p o r a t e F i n a n c e
5
A s s e t M a n a g e m e n t
13
Board of Directors
Highly qualified team, committed with its clients’ objectives
David Gallagher
David Gallagher is founder and Chairman of the board of Asset. He is a director of Asset Administradora General de Fondos S. A., and a board member of Asset Chile Mining Exploration Fund, subsidiaries of Asset. In its first years he devised various original debt to equity conversion mechanisms, in which Chile was a pioneer worldwide. He has been advisor in the financing of large projects and on important mergers and acquisitions, mainly in the mining sector in Chile, Argentina and Peru. In 1974 he joined the British investment bank Morgan Grenfell, where he was in charge of the Latin-American division and, later, director of Morgan Grenfell International. During that period he also advised some of the largest mining projects in Latin-America, such as the development of the iron and steel project Açominas in Minas Gerais, Brazil.
He has been president of the British Chilean Chamber of Commerce. He is on the Board of the Chilean Public Studies Centre (CEP), member of its executive committee and director of Cencosud. He is also a director of the Chilean Counsel of International Relations, and the Peggy Guggenheim Collection, Venecia. He is Board member of the Arts and Culture National Counsel in representation of Foreign Affairs Minister and he is the President of the Government Commission for foreign investment legislation DL600. He writes a regular column for El Mercurio newspaper, periodically and reviews for the Times Literary Supplement (TLS). David is the author of “Modern Latin American Literature”, Oxford, 1973, “Improvisaciones” Santiago, 1992 and “Otras Improvisaciones”, Santiago, 2004. He holds a B.A. (1965) and a M.A. (1968) in Modern Languages from Oxford University, where he was lecturer of Latin-American Literature and Fellow of St. Antony’s College, between 1968 and 1974. He is bilingual in English and Spanish, and speaks French, Russian, Italian and Portuguese.
Georges de Bourguignon
Georges de Bourguignon is co-founder and CEO of Asset. He leads all Asset´s efforts in corporate finance and asset management. He is a board member of Asset Administradora General de Fondos S. A., a subsidiary of Asset. Before co-founding Asset, Georges worked as Managing Director at Citibank S.A. in Chile.
Georges has been professor of economics at the Pontificia Universidad Católica de Chile; director of Intergénesis Fund Management; founder and president of the Harvard Club in Chile; and member of the Harvard Business School Alumni Association Board, which acts as advisor to the school’s dean. Georges is currently member of the boards of Sociedad Punta Lobos, Chilean subsidiary of K+S Group, Salmones Austral and Latam Airlines Group.
Georges holds a degree in Economics from the Pontificia Universidad Católica de Chile and an MBA from the Harvard Business School.
Jean Paul de Bourguignon
Jean Paul de Bourguignon is co-founder and business director at Asset since 1996. He is a board member of Asset Administradora General de Fondos S. A. and of Foresta Administradora de Fondos de Inversión S.A., both subsidiaries of Asset. He has been involved in advisories related to mergers and acquisitions in the mining and industrial sectors. Between 1984 and 1987, Jean Paul worked for Gillette Company in Boston, Massachusetts. From 1987 until 1990, he worked for Ladeco Airlines, as vice president of the Cargo Division. In 1991 Jean Paul founded Icarus Aviation, an independent company dedicated to aircraft brokerage in the Latin-American region. This company was leader in complementing aircraft cargo fleets between 1991 and 1995.
Board of Directors
Highly qualified team, committed with its clients’ objectives
Gonzalo Fanjul
Gonzalo Fanjul is director of the corporate finance team. He is a board member of Asset Administradora General de Fondos S. A., a subsidiary of Asset. Gonzalo joined Asset in 2004 as project manager and since then he has been involved in transactions related to structured financing and M&A for clients in the mining, power generation and transmission, industrial and forestry sectors. Before joining Asset, Gonzalo worked as chief of financial planning and research at Celulosa Arauco y Constitución S.A. Gonzalo is professor of Valuation at the Pontificia Universidad Católica de Chile Business School. He holds a degree in Business Administration from the same university and an MBA from the Stern School of Business, New York University.
Felipe Swett
Felipe Swett is director of the asset management team at Asset. Felipe joined the firm in 2003 as an Analyst and as part of the corporate finance team he was involved in different M&A and structured finance transactions in several industries such as mining, forestry, and industrial sectors in Chile, Perú and Brazil. Felipe leads the Asset Management division since 2010, and has participated in the structuring and placement of all Asset Chile's funds for an aggregate amount of more than US$450 million, including the first two public forestry investment funds in Latin America, Lignum and Bio Bio, the first Chilean Residential REIT, and fund dedicated to mining exploration.
Felipe holds a degree in Civil Engineering with a Diploma in Environmental Engineering from the Pontificia Universidad Católica de Chile and an MBA from the Kellogg School of Management, Northwestern University.
Equipo Finanzas Corporativas
Highly qualified team, committed with its clients’ objectives
Jaime Guzmán
Jaime Guzmán is Manager of the Corporate Finance team at Asset. Jaime joined Asset in 2003 and has been involved in different M&A and structured finance transactions in several industries, with focus in advising clients in the mining and metals, service and industrial sectors. Jaime served as Asset’s CFO up until 2009.
Jaime is professor of Merger & Acquisitions at the Universidad de Los Andes Business School. He holds a degree in Civil Engineering with a Diploma in Hydraulics Engineering from Pontificia Universidad Católica de Chile and an MBA from Columbia Business School.
Francisco Jiménez
Francisco Jiménez is Manager at the Corporate Finance team. Francisco joined Asset as an Analyst in 2008 and since then has been involved in several M&A and Strategic Advisories. From 2010 to 2012 Francisco headed Asset’s energy practice and led mandates involving different types of energy projects, negotiation of contracts, partnering processes, corporate restructurings and financing advisories. Currently, Francisco leads Asset’s Financial Consulting team which offers valuation, fairness opinion, strategic advisories and other non-transactional corporate finance services.
Francisco holds a degree in Industrial Civil Engineering with a Diploma in IT from the Pontificia Universidad Catolica de Chile. He is an MBA from The Fuqua School of Business at Duke University, obtained a Certificate of Academic Excellence in Finance and was awarded Fuqua Scholar.
Raimundo Gueneau de Mussy
Raimundo Gueneau de Mussy is Analyst at Asset and member of the corporate finance team. Raimundo joined Asset in 2013 and since then he has been involved in different M&A transactions and strategic advisories in the mining, energy and infrastructure industries. Before joining Asset, Raimundo worked as Analyst at Gestión y Economía Minera Ltda., where he participated in strategic advisories in the mining industry, performing operational risk analysis, real options evaluation and mineral economy studies for several major mining companies.
Raimundo holds a degree in Civil Engineering with a diploma in Structural Engineering from the Pontificia Universidad Católica de Chile.
Corporate Finance Team
Highly qualified team, committed with its clients’ objectives
Ismael Camus
Ismael Camus is Analyst at Asset and member of the corporate finance team. Ismael joined Asset in 2014, and since then he has been involved in different M&A transactions and strategic advisories in the mining, energy and infrastructure industries.
Ismael holds a degree in Civil Engineering with a diploma in Mechanics from the Pontificia Universidad Católica de Chile.
Catalina Bilbao
Catalina Bilbao is Analyst at Asset and member of the corporate finance team. Catalina joined Asset in 2014, and since then she has been involved in different M&A transactions and strategic advisories in the mining and energy industries.
Catalina holds a degree in Business Administration from the Pontificia Universidad Católica de Chile and a Masters in Finance of the same university.
Sebastián Puga
Sebastian Puga is Analyst at ASSET and member of the corporate finance team. Sebastian joined ASSET in 2015 and before that he worked as an Analyst at the Itaú BBA M&A team, where he was involved in different M&A transactions and strategic advisories in the mining, energy and infrastructure industries. He also worked as a Management Consultant at Montblanc Consulting.
Sebastian holds a degree in Civil Engineering with a diploma in Mechanics from the Pontificia Universidad Católica de Chile where he graduated with maximum distinction.
Corporate Finance Team
Highly qualified team, committed with its clients’ objectives
Soledad Errázuriz
Soledad Errázuriz is Analyst at Asset and member of the corporate finance team. Soledad joined Asset in 2014, and since then she has been involved in different M&A transactions and strategic advisories in the mining and energy industries.
Soledad holds a degree in Business Administration from the Pontificia Universidad Católica de Chile and a Masters in Finance of the same university.
Bernardo Stegmaier
Bernardo Stegmaier is Analyst at Asset and member of the corporate finance team. Bernardo joined Asset in 2015, and since then he has been involved in different M&A transactions and strategic advisories in the mining, energy and infrastructure industries. Bernardo holds a degree in Civil Engineering with a diploma in Transportation and Logistics from the Pontificia Universidad Católica de Chile
Diego Laso
Diego Laso is Analyst at Asset and member of the corporate finance team. Diego joined Asset in 2015, and since then he has been involved in different M&A transactions and strategic advisories in the energy, mining and infrastructure industries.
Asset Management Team
Highly qualified team, committed with its clients’ objectives
Rafael Donoso
Rafael Donoso is CEO of the Mining Exploration Investment Fund and member of the Asset Management team. Rafael joined Asset in 2012 and since then he has been leading the management, evaluation, negotiation and investment decisions for the Mining Exploration Investment Fund, structured by Asset Chile in 2011.
Before joining Asset, Rafael worked for seven years as a member of the corporate finance team in Santander (Santiago and New York) and Claro & Asociados. Rafael participated in the execution of several M&A and Capital Markets transactions, in Chile and international, in industries such as infrastructure, energy, mining, natural resources and financial services among others. Rafael is professor of applied finance at the Universidad de los Andes and holds a degree in Civil Engineering from the Universidad de Chile.
Juan Pablo Bezanilla
Juan Pablo Bezanilla is Manager of the Residential Rent Investment Fund and member of the Asset Management team. Juan Pablo joined the firm in 2014 and since then he has been leading the growth of the first Chilean Residential REIT. Before joining Asset, Juan Pablo worked as analyst of the corporate finance team in BBVA, where he participated in several M&A, capital markets and structured finance deals. He then led real estate projects in Empresas Socovesa and finally worked for the Chilean government implementing public safety initiatives.
Juan Pablo holds a degree in Business Administration from Pontificia Universidad Católica de Chile and an MBA with honors from the University of Chicago Booth School of Business.
Eugenio Cisternas
Eugenio Cisternas is CEO of Asset Administradora General de Fondos and Asset S.A, which are currently in charge of the management of the Investment Funds Lignum, Bio Bio, Mining Exploration, Residential Rents and AELA. Eugenio is member of the Asset Management team of Asset Chile since 2007; he began as CEO of the Lignum Fund, later as CEO of Foresta, and currently he is in charge of the general management of Asset Chile’s fund administrators.
Before joining Asset, Eugenio worked in the corporate finance team at Santander Investment, participating in several advisories in mergers, acquisitions and financing.
Eugenio is also director of Constructora Bio Bio, a company with almost 60 years in the Chilean construction market. Eugenio holds a degree in Business Administration from Universidad de Chile.
Asset Management Team
Highly qualified team, committed with its clients’ objectives
Nicholas de Bourguignon
Nicholas de Bourguignon is Analyst at Asset since 2013 and member of the Asset Management team. Nicholas currently leads the area of foreign funds distribution and Latin American capital markets relations.
Before joining the Asset Management team, Nicholas work as a Corporate Finance Analyst, been involved in different M&A transactions and strategic advisories in the mining, energy, infrastructure, natural resources and Real Estate industries.
Nicholas holds a degree in Business Administration with a diploma in Business Economics from the Universidad de los Andes.
Pablo Zilleruelo
Pablo Zilleruelo is Analyst at Asset and member of the Asset Management team. Pablo joined Asset in 2013 and since then he has been involved in the management of several investment funds in the Chilean forestry sector, covering the assets divestment period of the Lignum and Bio Bio Funds, and analyzing new investment opportunities in the sector.
Pablo holds a degree in Civil Engineering with a diploma in Transportation and Logistics from the Pontificia Universidad Católica de Chile.
Sebastián Steffens
Sebastián Steffens is Analyst at Asset and member of the Asset Management team. Sebastián joined Asset in 2014 and since then he has been involved in the structuring of several vehicles in Real Estate and Infrastructure, and in the distribution of third party funds.
Sebastián Bunster
Sebastián Bunster is Analyst at Asset and member of the Asset Management team. Sebastián joined Asset in 2015 and since then he has been involved in the management of the Residential Rent Investment Fund, covering the Chilean real estate sector and analyzing new investment opportunities.
Sebastián holds a degree in Civil Engineering with a diploma in Structural Engineering from the Pontificia Univesidad Católica de Chile.
Asset Management Team
Highly qualified team, committed with its clients’ objectives
Rodrigo García-Huidobro
Rodrigo García-Huidobro is Analyst at Asset and member of the Asset Management team. Rodrigo joined Asset in 2014 and since then he has been involved in the management of Asset Chile’s Mining Exploration Fund, covering the Chilean mining sector and analyzing new investment opportunities.