SilverBlue has projected a $4 billion financing plan through 2026, aimed at strengthening the Mexican business landscape through debt structures. According to a report by expansion.mx, the strategy seeks to address the lack of productive financing that currently hampers the country's economic growth.
The firm recently announced the creation of SilverBlue Mezzanine Funds, following its acquisition of Vector Partners' private equity funds on April 14. Through this integration, the company aims to position itself as a financing platform that prioritizes project stability.
“We are a financing platform utilizing debt structures rather than equity structures,” explained César Urrea, CEO of SilverBlue. While the firm is currently focused on debt, Urrea noted that they may venture into equity structures in the future.
Investment strategy and real assets
The firm employs an agnostic operating model, allowing it to invest in projects across the healthcare, manufacturing, and finance sectors. However, the company maintains a strict policy regarding the risk profile of its placements.
Financing amounts will range between 80 million and 300 million pesos. To ensure returns, SilverBlue requires every operation to be backed by a real asset.
“We are not going to make speculative investments—meaning, a newly created digital company or one that lacks an underlying asset,” Urrea specified.
The acquisition of the Vector Partners unit was finalized through a closed bidding process. According to the expansion.mx report, the negotiations were facilitated by the existing relationship between SilverBlue's leadership and Rebeca Pizano Navarro, who headed the unit at Vector.
The deal took place amidst a complex backdrop following allegations by the U.S. Treasury Department against Vector Casa de Bolsa last June regarding alleged money laundering. However, Urrea clarified that this specific funds unit operated independently and was not under investigation by U.S. authorities.
The decision to purchase was also driven by the management team's historical performance. “In the history of Vector's funds, things have been done excellently (...) The gross return is approximately 20% annualized,” the executive stated.
This capital movement comes at a time of stagnation for the national economy. The Global Indicator of Economic Activity (IGAE) showed a growth of just 0.1% month-over-month in February, following a 0.9% decline recorded in January.
